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
Answer Posted / 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 |
Post New Answer View All Answers
if any otion in tallyerp9 version about doing Luxury tax work
6. What is the amount of Simple Interest on $ 1,500 for 90 days at 6% interest (year is 360 days)?
Why an Expenditure is called Differed?
How to Automate requirment mapping in QC?
what is tribal area allowance means
input vat, wht use in wct
How to make deductions of the employees from salary against the loan in AP module oracle R12
how to calculate the per unit cost of production
WE PURCHASED ONE ASSET,HOW CAN WE CALCULATE EXCISE DUTY,VAT,SERVICE TAX?[IN CASE OF SELLING PURPOSE OR OWN PURPOSE].SHALL WE CLIME CREDIT ON THAT?THEN HOW?
How do you classify errors in accounting?
what is the D.V.T. rate from 1/10/2009
Tell me in which account does the unpresented cheque will get recorded?
Why is accuracy important in accounting?
What is partnership accounting?
What is control in accounting?