Difference in bank balance
This query is : Resolved
27 January 2015
Hi, I observe a differnce in Bank balance(FDR A/c)in Balance Sheet & Bank FDR Statement in F.Y.2013-14 & refund has already received.
My question is how can I correct/rectify the mistake.
Please suggest.
My question is how can I correct/rectify the mistake.
Please suggest.
27 January 2015
if they are already matured then should not be reflected unless they have been reinvested.
Message likes :
1 times
27 January 2015
Hi Tushar, actual case is a certain amount paid to Employee against salary but debited to FDR a/c by which FDR amount increased.
Here FDR are matured & reinvested as well.
Here FDR are matured & reinvested as well.
27 January 2015
you tell me full details with amount for an eg.
Message likes :
1 times
27 January 2015
FDR balance - 90000/-.
Salary paid to MR.X of Rs.10000/-.Wrongly
FDR ....Dr 10000
To ABC Bank 10000
As a result, FDR balance 100000/- as on 31.03.2014 & you know there is no impact on Bank balance. So Bank balance was tally with Bank Statement(Current+FDR).
On 01.04.2014, Bank Statement shows FDR balance 90000/-
Salary paid to MR.X of Rs.10000/-.Wrongly
FDR ....Dr 10000
To ABC Bank 10000
As a result, FDR balance 100000/- as on 31.03.2014 & you know there is no impact on Bank balance. So Bank balance was tally with Bank Statement(Current+FDR).
On 01.04.2014, Bank Statement shows FDR balance 90000/-
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
- CLOSING STOCK QUERY
- ITR-Capital Gain
- TDS _Long term Capital Gain ref.sec 214 Table 2
- Loss of interest in PF transfer from EPFO to Trust
- Taxation on Old jewellery sold
- Rent claimed on building given on permissive possession basis
- Traces submitting correction statement error
- Residential status of non resident
- Short Term Gain Reporting ITR
- Technical Glitch in ITR-4 Online Form (AY 2026-27): Sec 44AE Partner Remuneration not mapping to E8
- 44AD, 44ADA business details
- PF wage ceiling
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
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
