1) in my company there is printer repair expense in march 2013. cheque paid on 15th march 2013. but it is cleared in next accounting year i.e april 2014. now to close the accounts, what entries i have to pass as still the amount is uncleared in bank.
2) In the month of May 2014 I issued a cheque towards rent but it cleared in June 2014. Now during reconciliation i found the same. do i need to reverse the entry in tally to match balance as per bank and cash book? or just preparing manual BRS statement is ok
24 August 2014
Thanks for reply, but if I debit bank account, what shall i mention in credit? shall i just reverse the entry? or shall i need to create a new account to credit?
I know how to prepare a BRS statement. but confused in adjusting at the year end. Thanks
CAclubindia
