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Bank Statement and ledger

A/c entries 859 views 2 replies

Nehas

425 Points Joined March 2009

Suppose our bank statement closing balance is 25000/- and bank ledger closing is rs 25500.

we made our BRS and it is tallied with bank statement

but then too we take bank ledger closing balance in trial balance

then too it gets tally

howwwwW????

whats main concept behind it

Replies (2)

CA. Shwetank Vats

Chartered Accountant

653 Points Joined May 2008

First clear regarding bank statement balnace is Debit or Credit ?

on the base of entry to be passed in our book or shown in BRC

Guest

If your bank account is exceeds from Bank Statement from 500 means a chq of Rs. 500/- is not cleared in bank. In BRS this amount will be deducted from book Balance.

Trial Balance is just tallying Dr & Cr balances. While making the entry for Rs. 500/- Dr & credit impact hence there are no difference found in Traial balance