Bank closing balance

1st April is th opening balances 

Transactions occurs and every account is debited or credited 

31 March is the closing final balance

If it is bank reconciliation, reconsiliation can be done based on the cash book or pass book.

Same thing I had told her in first  query  and reply , you have to take balance as per books ( Financial statement ) , to carry forward next  year  not as per bank statement . 

Accordingly there is always a small difference due to discrepencies in book keeping. The audit thrshold of 3% saves everyone in the company with errors. BRS is the easiest and tracking invoices the the next big challange. 

Originally posted by : shwetha bhat
	Which one should i consider for opening balance purpose?

Consider balance as per books of accounts only.

Originally posted by : shwetha bhat
	Which one should i consider for opening balance purpose?

Consider balance as per books of accounts only.