i have query on bank reco. pls suggest me on my following
question
my bank bal as on 31.3.09 was rs 700000 but after
reconsilation it was 100000 because there was two three
cheque was ulcleard. which bal should i take in new FY &
how i show into account
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Answer / tarun sablok
As you told your bank book bal. is rs. 700000/- but bal. as per bank is 100000/-. So you have to show bank bal. rs. 100000/- in your books and rest of balance you have to show in cheques receivable. When your cheques will be cleared then you debit your bank account with 600000/- and credit to the cheques receivable.
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / vickykapoor20
BALANCE AS PER BANK BOOK OF RS 1,00,00/- WILL BE SHOWN IN
BALANCE SHEET . & RS 600000/- WILL BE SHOWN AS CHEQ ISSUED
NOT PRESENTED.
ENTRY : CHEQUE ISSUED NOT PRESENTED DR.
BANK A/C CR.
IN NEXT F.Y ENTRY
BANK A/C DR.
CHEQUE ISSUED NOT PRESENTED CR
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / viswanatha
31-03-2009 bank balance 700000/-
next year balance amount 700000/-
but cheque not cleared that total amount taken
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / hemant
your bank balance up to 31st march was 700000 as per
company books but when u reco. to your account found
balance as per bank books is Rs.100000/-
So you take the receipt in your company books when u
deposited the cheque in bank but at a time of reconcel
dont, rec. to that amt so the diffrent amt you will find in
reco. next month you have rec. to that amt
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / saraswati prabhat
Balance as per bank as 31.03.09 Rs 700000
but after reconsilation it was 100000 means two & three
cheque was uncleared . so that balance take in new F.Y is
commpany book balace and next month reco and cleard all the
cheque
| Is This Answer Correct ? | 1 Yes | 1 No |
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