Bank reconcillation
This query is : Resolved
06 November 2012
Q. Rs. 10,000 paid to X on 15.02.2012 and entry was passed immediately in the cash book but cheque was presented in the bank on 12.03.2012? What will be the treatment of above entry while preparing BRS?
06 November 2012
cheque issued but not presented for payment in bank
Message likes :
1 times
06 November 2012
1. You need to add back such amount, if you consider BOOK BALANCE for changes and reach to Bank Balance...
2. Similarily, if you are making changes to BANK BALANCE, you need to deduct such amount from it..
Generally, first practice is followed, i.e., making changes to your book balance for reconciling the same with bank balance...
2. Similarily, if you are making changes to BANK BALANCE, you need to deduct such amount from it..
Generally, first practice is followed, i.e., making changes to your book balance for reconciling the same with bank balance...
Message likes :
1 times
06 November 2012
Then whether I have to make any adjustment in march or not
06 November 2012
There will not any adjustment in march reco. because this has been effected your book in Feb and bank in march. so no adjustment in March. only last month entry will be removed.
Message likes :
1 times
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
- STCG....................................................
- Supply through E-commerce Operators
- Sales return eway bill
- TAN for Partnership
- Relief u/s Section 89
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- E way bill for tractors
- STCG FOR GOLD ETFs
- Specified Profession
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- 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
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
