what is the impact of bank garantee of rs 100000 on cash
flow statement which has been expired...& impact on bank
reconcilation statement
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Answer / Vikas Dubey
When a bank guarantee with a face value of INR 100,000 expires and is no longer active or enforceable, its impact on the Cash Flow Statement and Bank Reconciliation Statement depends on whether any claims were made or paid under the guarantee during its validity period.nnCash Flow Statement:nnIf no claims were made or paid against the expired bank guarantee, it will not have a direct impact on the Cash Flow Statement as it represents an unrecoverable asset that has been written off in the previous financial period.nnBank Reconciliation Statement:nnThe bank reconciliation statement is used to ensure that the company's records of cash and bank balances match the bank's records. When a bank guarantee expires, its value no longer appears on the bank balance as an outstanding liability. Therefore, it will not affect the bank reconciliation process, but it may be mentioned in the notes to the financial statements for transparency purposes.
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