Bank reconciliation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 February 2013
Dear Sir
Please help me to solve this problem regarding PDC Cheques.
I make one cheque on 02/01/13 (bpv Date or cheque written date)and the cheque dated on 03/03/13 (due date). and it is encashed from bank on 05/03/13. so i make reconciliation on excel sheet like this
1,02/01/13 (bpv dt:) 05/03/13 (encash dt:)
2,03/03/13 (chq dt) 05/03/13 (encash dt)
which one is correct please help me
Thanks
Please help me to solve this problem regarding PDC Cheques.
I make one cheque on 02/01/13 (bpv Date or cheque written date)and the cheque dated on 03/03/13 (due date). and it is encashed from bank on 05/03/13. so i make reconciliation on excel sheet like this
1,02/01/13 (bpv dt:) 05/03/13 (encash dt:)
2,03/03/13 (chq dt) 05/03/13 (encash dt)
which one is correct please help me
Thanks
08 February 2013
Hey
1st one is correct since BRS is reco with book dates & banks dates..
Thanks!!
1st one is correct since BRS is reco with book dates & banks dates..
Thanks!!
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CA Ayush Agarwal
(Expert)
09 February 2013
As Per My Understanding,
On Date of Issuing Cheque, No Need to Pass Entry.
The Date Printed on Cheque is the Day to be Pass Entry.
and reconciled Date is Bank Date on Which Amt encashed.
So Option 2 is Correct.
On Date of Issuing Cheque, No Need to Pass Entry.
The Date Printed on Cheque is the Day to be Pass Entry.
and reconciled Date is Bank Date on Which Amt encashed.
So Option 2 is Correct.
Message likes :
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CA Ayush Agarwal
(Expert)
09 February 2013
Otherwise It Will Affect your balancesheet.
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