CA Foundation doubt
Accounts module 1 page number 3.29 illustration 7 . Can someone explain why we subtracted sentence no. 3 and 6
Asked by Goongoon2 May 2024434 views
CA Foundation doubt
Asked by Goongoon2 May 2024434 views
Subojeet · 2 May 2024
I usally solve BRS using T method, so according to T method , 3 - as the starting balance is credit , add Credit and subtract DEBIT, so when cheque was issued , there was a credit entry in cash book , so as it was not presented, we need to reverse it, hence we give it an debit in order to cancel it and hence it is Subtracted
Goongoon · 2 May 2024
Yes
Sujal · 2 May 2024
Bcoz cheque issued was not recorded in passbook so basically it has to be deducted from bank and for no. 6 i am not really sure
Goongoon · 2 May 2024
Understood thank u so much... ❤
Goongoon · 2 May 2024
Please answer
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