Accounts

Others 1087 views 2 replies

Sir,

Due to oversight one bank account is not reconciled in financial year 2011-12.

It shows in our account as Debit balance 32,000.00  closing balance as on 31.03.2012

And bank statement shows Cr. balance of 6780.67closing balance as on 31.03.2012 

Remember 2011-12 already finalised and returns are filed?

So, What should be done to tally and reconcile in Financial year 2012-13? The difference of 2011-12.

 

Kindly suggest

Thanks

Replies (2)

there must be some credit entry which has not been recorded in the books of accounts..reconcile with account statements..

Split the tally data and change the opening balances...!!! Also in the mean while check bank statements of the last year and correct the reco in last year books...

I guess this is the simplest way to do things.....!!!


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