banner_ad

Impact on income & expenditure statement - closure of bank accounts

Others 326 views 5 replies

I am working in a Social Service Organization as a Accountant.

In our organization 2 bank accounts has been closed (dormant account) and no amount has been received from the bank. How can i show this in our financial statements.

Replies (5)
If no balance then no need to show in Your FS...

Sir,

Thank you for your reply. But the balances as opening balances are showing in our FS

opening balance are showing in balance then...
what about Your balance amount in bank now or (as on 31st March)

Sir,

The bank accounts has been closed and received the amount as same as Opening Balances. How can i show this in my financial statements

The bank account is closed and received the amount then why doubt...?!

Provide receipt entry as per Your transactions into bank. After that the balance will be ZEROOOOO...


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Related Topics
Loading
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
07 June 2026
Tax Associate

Rajkumar Jain & Co.

Ahmedabad

Graduate (Any)

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details