Preparation of financial statements

As how we disclose "Cash in hand" , the same way we disclose "cash at bank" That's it.

SAI AKASH GORU

CA Inter

★ 745

23-Aug-23 21:06

As per schedule III We need to disclose how much balance we have in scheduled bank and how much we have in unscheduled bank if it is mentioned in the question. If nothing is mentioned in the question we can put everything under cash @ bank .

HariPriya C

CA Final

★ 3K+

23-Aug-23 21:40

Disclose to the extent of information available in question.

CA Suraj Lakhotia

Admin

24-Aug-23 08:16

If scheduled bank info given , we need to disclose separately under the head "balances with bank " Right sir

Thread Starter

Krishnan K

CA Inter

★ 5K+

24-Aug-23 08:38

Cash and cash equivalents (i) Cash and cash equivalents shall be classified as: (a) Balances with banks; (b) Cheques, drafts on hand; (c) Cash on hand; (d) Others (specify nature).

CA Suraj Lakhotia

Admin

29-Aug-23 09:55