Closing balance as per book and bank

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 December 2015 In balance sheet which bal of bank account is required to show whether it should be as per book or as per bank.My opinion is it should be as per bank balance but i joined a partnership firm in which balance as per bank as on 31/3 is not matching with audited balance sheet. and ca is saying there are some cheque issued which he considered. it it ok???
please reply asap

25 December 2015 it will be as per books only......

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 December 2015 then sir why there is concept of book overdraft that is check issued as per books but not presented for clearance. creditors ke entry reverse kyu karte hai ? book overdraft increase karke and bank increase karke vapas pls reply asap.


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