Balance of bank account

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

13 September 2014 if management want closing balance of bank then we have two balance
AS per reconciliation balance and other is
as per bank balance show in balance sheet
now we have to which balance provide to management. please explain also.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

13 September 2014 In all reporting Bank Balance as per cash Book (Bank balance Shown in Balance Sheet) is shown.

Querist : Anonymous

Querist : Anonymous (Querist)

13 September 2014 sanjay sir just i want to know that if management want closing balance of bank
then we have difference bank balance
Balance without reco
and after reco bank balance differ which balance to give the managemtn.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

14 September 2014 You should give both the balances.

Querist : Anonymous

Querist : Anonymous (Querist)

14 September 2014 sir
but the balance is difference. which is authentic balance.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

14 September 2014 See both Balance are authentic. But from the company's point of view cash Book Balance is always considered because it is arrived after accounting at own end. That's why i said everywhere only Cash Book balance is reported and BRS can be provided if required.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Dhananjay Singh

Hmr Babu

Mikilesh Shah

CA Jyoti Singh

Phani

Subscribe Now

Balance of bank account

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Article Assistant

Manager- Finance and Compliance

Accountant

GST CONSULTANCY

CA Final

GST CONSULTANT