Dear Chartered Accountants ,in financial statement balance sheet under Current asset
cash at bank ...in this head which balance I have to enter ???
if I have three or four account means for an example savings account and current account which balance I have to show in cash at bank???
Menu
Bank statement which value to disclose in BS
Replies (6)
All the accounts relevant to the business.
Generally savings account is not included.
@ honourable CA thank you sir ,I have some query ,suppose we are making for individuals means can we take savings account???
here bank balance means last closing balance only I have to shown in my BS IAM I right
here bank balance means last closing balance only I have to shown in my BS IAM I right
Unless capital account is also linked with business account, savings accounts are kept out of the financial statements.
Yes, closing balances, sometimes adjusted to bank reconciliation.
Cash at Bank after reconciliation.
Savongs of the company is relevant if im correct as per the frame work called business entity concept. @ Dhirajlal is amazing and stuffed with good process knowledge including shares. I dont know why I am CEO learning from MD's
Bankreconciled figure to be shown at balance sheet
so it's balance as per pass book.
so it's balance as per pass book.
Recent Threads
- Consortium Partnership: GST and TDS query
- Luxury premium car - Lease or Loan
- Income tax act 40 A (3)
- Transmission of deceased's shares in physical form
- Shall I pay GST payment for unkonwnly cancelled in
- Error in GSTR1 filing for October 25
- Inverted Rate structure .
- Exemption to be climed
- GST TDS u/s 51 Applicability on RBI and it's subs
- Time allowed to buy another asset
Related Threads
CAclubindia
