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Accounts of npo


Adil Shaikh   24 January 2021

Adil Shaikh

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What is the meaning if education institution's receipt and payment statement shows same opening balance of bank as well as same closing balance of bank??

Eg

Opening 1000.             Closing.   1000

CA Rashmi Gandhi

CA Rashmi Gandhi (Chartered Accountant)     24 January 2021

CA Rashmi Gandhi
Chartered Accountant 
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It shows that there is no transaction in bank statement.
2 Like
NITESH JAIN

NITESH JAIN   24 January 2021

NITESH JAIN

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No transaction or may be same balance maintaining by institution.
if there is no transaction in recept and payment then same bal may appear..
sabyasachi mukherjee

sabyasachi mukherjee   24 January 2021

sabyasachi mukherjee

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Sorry

not necessarily...
By chance the balance is like that.
CA Rashmi Gandhi

CA Rashmi Gandhi (Chartered Accountant)     24 January 2021

CA Rashmi Gandhi
Chartered Accountant 
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Then it is just a coincidence

Sourav

Sourav (Student)     24 January 2021

Sourav
Student 
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It will be based upon certain transactions
Adil Shaikh

Adil Shaikh   24 January 2021

Adil Shaikh

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Is it may be happened that, that bank account may be used by other branch of same institution??
Kapadia Pravin

Kapadia Pravin   24 January 2021

Kapadia Pravin

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Transactions of receipts and payments are co-incidentaly same.
Adil Shaikh

Adil Shaikh   24 January 2021

Adil Shaikh

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In our clients case same is happened ( bank account used by other branch of same institution)

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