Hi,
There is a difference in my bank account when compared to my accounting package. This is going on from the past 3-4 years and I found it out recently.
In simple, my Bank shows I have Rs.1 lakh and my accounting package shows I have Rs. 50,000 only. This difference is there from the past 3-4 years and I don't maintain any BRS.
How should I resolve this?
BRS is being maintained only to get rid off the differences/errors only. Without BRS its very difficult to track
Hi,
Thanks for the reply.
I am not maintaining any BRS. So what is the alternative solution to this? The records go back since 2011 I guess. And making BRS since 2011 is not possible.
Is there any other way to resolve this? Any adjustment entry?
BHUPINDER SHAH AND COMPANY
New Delhi
CA Inter
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Jawahar and Associates Chartered Accountants
Hyderabad
CA Inter
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CAclubindia
