Menu
Query bank balance dr. cr.
In a question
Cash at Bank on 1-4-2007 Rs. 50000 (Cr.)
On 31-3-2008 Rs. 80000 (Dr.)
Make bank account
Ans:- in a ans Brought down balance show in credit side
By bal. b/d 50,000
My query is why brought down balance show in cr. Side of bank a/c
In a question given 50,000 Cr. Balance which mean deposit available in bank
Then it will show Dr. Side of Bank a/c as To bal. b/d 50,000
Why in ans show Cr. Side of Bank a/c as By bal. b/d 50,000
Replies (1)
@ Harish the balance is as per your books and not bank books. That is why op. cr. balance of bank is nothing but bank od.
Recent Threads
- GST ON QUERY
- Initimation on AIS
- GST on sponsorship from foreign body corporate
- Revised Income tax return karna padega kya
- Registration as deductor on traces site
- Rental Income from a Joint Holding property
- Itr 4 return filing question
- Whether GST applicable on Hardship Compensation pa
- ITC cannot be denied to Bona Fide Buyers for Suppl
- Unused ITC for Hotel after GST Change
Related Threads
CAclubindia
