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Please Help: ACCOUNTING TREATMENT

Posted Date : 27-Oct-2015 , 12:23:00 pm | Posted By: DEV KANT VERMA

Category : Students | Answers : 0| Comments : 5| Hits: 364

IF Cheque issued but not presented for payment at the end of the year, how it will shown in balance sheet.

Comments
Posted By : Om Prakash Singh 12-Dec-2015, 10:42:50
Inter state Goods return at cost ( without CST) how it will be shown in books. For Example- Purchase Cost 100000.00+CST 2000.00 = 102000.00 Total Goods return at cost Rs. 100000.00 How difference of tax will be shown in books of account?
 
Posted By : Mustafa Ali 23-Nov-2015, 05:16:13
The Cash account balance will be presented on the balance sheet without any adjustment for unrepresented or outstanding checks.
 
Posted By : Mr. Amit Arora 29-Oct-2015, 06:01:01
It will not show anywhere in balance sheet. We require prepare a bank reconciliation statement. Balance as per Books xxxx Add: Cheque issued not yet present by cheque holder xxxx Balance as per Bank xxxx Amit Arora amitaroracpa@gmail.com
 
Posted By : 28-Oct-2015, 04:12:44
No treatment required for the same in the balance sheet. It will only reflect in the Bank Reconciliation Statement.
 
Posted By : CA. Aishwarya Sarawgi 28-Oct-2015, 12:29:56
No treatment required for the same in the balance sheet. It will only reflect in the Bank Reconciliation Statement.
 

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