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Bank Statement

CA SALONI (CHARTERED ACCOUNTANT) (391 Points)

21 February 2011

CAN ANYBODY TELL ME

"IS BANK STATEMENT INCLUDED IN BOOKS OF ACCOUNTS"??????

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7 Replies

CA Rachit K Patel (Chartered Accountant) (1503 Points)
Replied 21 February 2011

Dear Saloni,

As you must be aware that we nedd to prepare Bank reconcilation statement for each month to reconcile bal. as per bank book and bal. as per bank statement.The bank bal. as per books is shown under Assets side of Balance Sheet under the head Currents Assets,Loans & Advances.

Thanks & Regards,

Rachit K Patel

3 Like

Pankaj Arora (Learner) (3134 Points)
Replied 21 February 2011

Agree with above answer BANK BOOK is must.

1 Like

(Guest)

No Bank Statement is not a part of “Books of Accounts”

Because “Bank Statement” is generally referred to as “A Statement” issued by Bank

[A Third Party]

Books of Accounts do include “Bank Book”.

VENKATA RATNAM NUNNA (SAP Consultant) (50 Points)
Replied 21 February 2011

Originally posted by : Sunil Ahir
	No Bank Statement is not a part of “Books of Accounts” Because “Bank Statement” is generally referred to as “A Statement” issued by Bank [A Third Party] Books of Accounts do include “Bank Book”.

I agree

saranraj (CA FINAL) (419 Points)
Replied 21 February 2011

Originally posted by : Sunil Ahir
	No Bank Statement is not a part of “Books of Accounts” Because “Bank Statement” is generally referred to as “A Statement” issued by Bank [A Third Party] Books of Accounts do include “Bank Book”.