Cheque received

Save Share

This query is : Resolved

ADV Ramesh Tiwari (Querist)
Follow

28 July 2019 Hi dear
My one question
My Accountes cheque received 31march and bank clier 2april how adjustment entery because party accounts closed 31march and bank statement not equal to BOOKS statement
Please reply

CA.Pujah

CA.Pujah (Expert)
Follow

29 July 2019 Pass the entry for receipt in March. It will appear as a part of your bank reconciliation

Message likes : 2 times

ADV Ramesh Tiwari

ADV Ramesh Tiwari (Querist)
Follow

29 July 2019 C.A pujah ji entery pass but bank and my book difference how remove

CA.Pujah

CA.Pujah (Expert)
Follow

29 July 2019 :D it's not necessary that Bank & book balance always match. That is why we prepare a Bank Reconciliation statement

Message likes : 2 times

ADV Ramesh Tiwari

ADV Ramesh Tiwari (Querist)
Follow

29 July 2019 CA pujah ji fine balance sheet in closing balance put up bank statement or book balance closing please reply

CA.Pujah

CA.Pujah (Expert)
Follow

29 July 2019 Well!! it's Book Balance. But, I think you better take help of a professional to prepare your Balance Sheet.

Message likes : 1 times

ADV Ramesh Tiwari

ADV Ramesh Tiwari (Querist)
Follow

29 July 2019 Ya ok because I am put up book balance than one problem creat bank statement not tally.

This is my opinion that cheque received but not clear in bank this matter fist steps one ladger creat cheque in hand and group under current assets second steps party accounts CR and cheque in hand DR than party accounts Nil Balance cheque in hand ok than this balance sow balance sheet current assets side and after 31 March cheque in hand account Cr and bank account Dr tally all accounts

Please suggestion right or wrong please please

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