Dear All
one of my client has a problem in accounts, if an client has deposited the payment amount directly in the bank, bcoz it do its work far away from my clients but now the client has showing the day of deposited in the bank one day later, i.e cash deposited in bank on 24/04/2010 & client showing in books of a/c on 26/04/2010 on the basis that the next party has informed him on 26/04/2010 & he has given him the recepit on 26/04/2010.
but accourding to my view there should not be difference in the bank statement & the bank a/c of books on cash entry.
so advice me that how satisified my client on this ground.
CAclubindia
