|Bank Reconciliation Statement as on 31-3-1979 |
|Particulars |Debit (Rs) |Credit (Rs) |
|Balance as per cash book |180,000 | |
|Cheques deposited but not collected (2500+3500+1900) | |7,900 |
|Cheques issued but cleared in April (2500+4500+4000) |11,000 | |
|Cheque received from customer but not cashed | |1,000 |
|Bank Interest |2,500 | |
|Bank Charges | |1,000 |
|Balance as per Pass book | |183600 |
| |193,500 |193,500 |
Q2 Ans:
a) No violation
b) No violation
c) Going Concern: refers to a company's ability to continue functioning as a business entity. It is the responsibility of the directors to assess whether the going concern assumption is appropriate when preparing the financial statements. A company is required to disclose in the notes to the financial statements whether there are any factors that may put the company's status as a going concern in doubt....
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