Cash Balance as per RP and BS

Is cash balance as per Receipts and Payments Account match with Cash Balance as per Balance Sheet ?
Replies (8)
Quick Summary
This discussion explores whether the cash balance shown in a Receipts and Payments (RP) account should align with the cash balance presented in a Balance Sheet (BS). While the RP account typically reflects actual cash and bank receipts and payments, it's clarified that contra vouchers can affect both accounts. The conversation also touches upon the practice of banks sharing customer contact details for loans and credit cards.

Dint get your que.
In receipts and payments account , there will be opening cash and bank balance and also closing cash and balances.

Will it match with the balance sheet values of Cash and bank balance ?
Closing cash and bank balance in receipts and payments should match with cash and bank balance in balance sheet
Receipts and Payments Account takes only Actual receipts and payments only .

It may not consider Contra vouchers .

Where as Cash ledger takes all entries which will appear in balance sheet

It should match with balance sheet figures

Will the contra voucher has the effect on receipts and payments account?
Contra vouchers also effect the receipts and payments account
Why we get daily 3 to 4 calls or messages for loan , credit card etc ?

Are the banks allowed to share contact details of customers to outsiders ?

Banks sharing contact details to outsiders

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
13 October 2026
Accountant

Zerdi & Co. Chartered Accountants

Pune

B.Com

View Details
Company
ARTICLESHIP 30 September 2026
CA Article Assistant

CA Suraj Garg & Associates

New Delhi

CA Final

View Details
Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details
Company
ARTICLESHIP 17 October 2026
Articled Assistant

RRPM & Associates LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 23 October 2026
CA Articleship / Article Assistant

M N Rao & Associates LLP

Vijayawada

CA Inter

View Details
Company
21 October 2026
CA INTER/ BCOM WITH EXPERIENCE

CA S KUMAR GUPTA & CO

Amritsar

CA Inter

View Details
Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details