Bank balance in the balance sheet
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 February 2013
DO WE NEED TO TAKE THE BALANCE OF BANK ACCOUNT IN THE BALANCE SHEET ONLY AS PER ADJUSTED CASH BOOK OR SHALL WE NEED TO CONSIDER EVEN THE TIMING DIFFERENCES SAY FOR EXAMPLE: CHEQUES ISSUED BUT NOT YET PRESENTED.
I THINK CONSIDERING THE AS 4 " EVENTS OCCURING AFTER BALANCE SHEET DATE" WE NEED TO CONSIDER EVEN THE CHEQUES ISSUED BUT NOT YET PRESENTED PROVIED THAT THEY HAVE BEEN PRESENTED BEFORE APPROVAL OF THE FINANCIAL STATEMENTS.
I THINK CONSIDERING THE AS 4 " EVENTS OCCURING AFTER BALANCE SHEET DATE" WE NEED TO CONSIDER EVEN THE CHEQUES ISSUED BUT NOT YET PRESENTED PROVIED THAT THEY HAVE BEEN PRESENTED BEFORE APPROVAL OF THE FINANCIAL STATEMENTS.
06 February 2013
yes sir, bank balance of book either presented or not has to shown in balance sheet.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Rent lease agreement
- Refund of 20%pre-deposit paid for stay application
- TDS Challan Code
- Nomination of Bank for refund in itr 2
- Relief u/s Section 89
- REGARDING SECTION 44AE
- GST Rate applicable for 0% Food Items sold by an Industrial Caterer
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
