Inter group balance mismatch
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 July 2013
Dear Sir/ Madam,
we are having two firms and there are transactions between them. However, the year end balance of each other are not matching as one firm issued the cheque to other firm in the month of april but the cheque was dated march end. As a result of this the payment is appearing in one firm but receipt is missing in another firm. How to deal with this.
Thanks in Advance.
we are having two firms and there are transactions between them. However, the year end balance of each other are not matching as one firm issued the cheque to other firm in the month of april but the cheque was dated march end. As a result of this the payment is appearing in one firm but receipt is missing in another firm. How to deal with this.
Thanks in Advance.
Rupesh Jain
(Expert)
20 July 2013
stand as cheque in hand
cheque not deposited in bank
cheque not deposited in bank
20 July 2013
can show it as cheque in transit.
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
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- GST input credit on commercial property
- GSTR-9C filing
- GST ITC as per notification 12/2023- central tax
- Urd purchase entry in tally prime
- Applicability of tax on invoice
- IMS (import of goods) ITC related
- Advances to related party
- Form 144 TDS Return Validation Error – Mandatory Fields
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- LLP audit and disclosure
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
