How the entry passed ?

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

28 April 2015 I WANT TO SHOW BANK DEPOSIT BY USING THE FUND
CREATED BY PROFIT AND LYING AT THE LIABILITY
SIDE OF BALANCE SHEET.
HOW I PASSED THE CONTRA ENTRY FOR TALLY THE
BALANCE OF BANK ACCOUNT ?
PLEASE ADVISE.

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
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28 April 2015 m not getting.. provide the actualy figures with relevant accounting head

Querist : Anonymous

Querist : Anonymous (Querist)

28 April 2015 I Use Rs.3120 / -- of Investment Depreciation fund for tally the current account of bank.
Bank showed extra amount in passbook when the
books of accounts showed less balance. This is long period reconciliation and not find out so want to correct the balance from this fund.thanx for reply ---

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
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28 April 2015 you cant do that yaar... this is not at all allowed.... without any real transaction u passing entries in books but why so

Querist : Anonymous

Querist : Anonymous (Querist)

28 April 2015 Sir I want to tally the bank balance , because the diff.is very old and not find out.and the investment depreciation fund is cereate for this type of reasons. this is a
co operative society.
any another way for solving this problem ? please advise.

Querist : Anonymous

Querist : Anonymous (Querist)

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
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28 April 2015 it was good that either u had created a suspense account for such things.. stil wait for some expert views regarding this

Querist : Anonymous

Querist : Anonymous (Querist)

28 April 2015 Thank u sir ----
FOR YOUR KIND ADVISE ..........

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