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Accounts of npo

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22 Points Joined November 2019

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

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On 24 January 2021 at 00:02 Report
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Chartered Accountant
86505 Points Joined April 2011
It shows that there is no transaction in bank statement.
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On 24 January 2021 at 00:15
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13 Points Joined April 2017
No transaction or may be same balance maintaining by institution.
if there is no transaction in recept and payment then same bal may appear..
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On 24 January 2021 at 00:32
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Profession Business
28196 Points Joined May 2017
Sorry

not necessarily...
By chance the balance is like that.
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On 24 January 2021 at 07:49
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Chartered Accountant
86505 Points Joined April 2011

Then it is just a coincidence

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On 24 January 2021 at 07:53
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Chartered Accountant
24588 Points Joined November 2019
It will be based upon certain transactions
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On 24 January 2021 at 09:23
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22 Points Joined November 2019
Is it may be happened that, that bank account may be used by other branch of same institution??
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On 24 January 2021 at 10:39
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17264 Points Joined December 2018
Transactions of receipts and payments are co-incidentaly same.
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On 24 January 2021 at 10:53
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22 Points Joined November 2019
In our clients case same is happened ( bank account used by other branch of same institution)
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On 24 January 2021 at 11:47

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