Interested to Buy Any Domain ? << Click Here >> for more details...
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
- 5 Answers
- 7777 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
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 |
when we debit any party in our account?
What is dividend warrants?
What is asset revaluation reserve and how is it treated in the books of accounts
what is Profit & Loss Account?
1.what is the entry of petrol of payment made by credit card of owner? 2.what is the entry of petrol of payment made by credit card of Company?
what do you mean by debt equity ratio?
Hai Experts can any one send me some finance interview questions ,my mail id is c.sujatha2008@gmail.com,please send quickly it's so need.
Tell me about an invoice discrepancy you discovered and how you resolved it
defference between capital assets and fixed assets
WHAT IS SHARE OPTION OUTSTANDING ACCOUNT??
1 Answers National Institute of Food Technology Entrepreneurship and Management NIFTEM,
A COMPANY IS SERVICE PROVIDE TO B CO. 100,000 AND CHARGED STAX 10000 TOTAL BILL RAISED 110000 AND RECIEVED 30% FROM B IN DECEMBER AND 40% RECIEVED IN 10JAN2011, BALANCE 40% RECD IN 10 FEB2011 WHAT WILL BE GENERATED ACCORDING ACCOUNTING PRENCIPLE OF BOTH SIDE (MEAN A &B) WITH REVANUE& PROVISION PLEASE TELL ME
I have an invoice here amounting to $1893.60 (purchases), a credit note of $61.00. I have paid the vendor $1,832.40. How should I record my entry? I am aware that the credit note entry is using journal and the payment is using payment voucher. But I am not sure how to post the entry. Please help. Many thanks.
Audit 
