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Bank a/c shows credit balance on 31.03.2014

This query is : Resolved 
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(Querist)
02 July 2014 Hi friends

Cheque issued on 29.03.2014 Rs. 295000/-
as on 31.03.2014 balance as per books Rs.(41,624).

the above cheque is honored on 02.04.2014 .

in balance sheet what balance is required to be considered
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kalpesh bafana

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kalpesh bafana (Expert)
02 July 2014 If you shown reconciled balance in Balance Sheet i.e. Rs.41624/- your creditors [current liabilities]shown short by such Amt.
And if you shown unreconciled Bank Balance then Creditors rise by Such Amt.
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Rupesh Jain

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Rupesh Jain (Expert)
05 July 2014 you have to show balance as per your books.
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