Dear Sir, it seems, cash total is wrong in this calculation which is leading to wrong closing balance of cash and bank. Total cash is 51,000 (5000+46000) and by taking 6,000 as balance c/f then the difference will be 22,000 instead of of 20,000 and then bank closing balance will be 118,000 instead of 116,000...Kindly guide if I am wrong. Thank you so much.
Can anyone explain the last entry..? i did not understand
Dear Sir, it seems, cash total is wrong in this calculation which is leading to wrong closing balance of cash and bank. Total cash is 51,000 (5000+46000) and by taking 6,000 as balance c/f then the difference will be 22,000 instead of of 20,000 and then bank closing balance will be 118,000 instead of 116,000...Kindly guide if I am wrong.
Thank you so much.
In handouts cash is 3000... this is an typo error
@@asadnaeem8095 did you mean balance b/f is 3000..........
(3000+46000=49000)
@@shahnazkhan5086 yup
@@asadnaeem8095 Jazakal Allah sir