Question

02. Yesha and Khya were in purinership sharing profits and losses in the proportion of 5 el respectively. Their Balarice Sheet on 31st March, 2020 stood as follows: Balance Sheet 1s on 31st March, 2020 Amount Amount mount Knidunt Liabilities Assets ) Sunan Creditors S0.000 Cash 80.000 Bill Paville من مصر 20.000 Swidny Debtors 22.000 Land & Building 64,000 32,000 Bank Ovrat Capital As Stock 40.000 Yestia Plant and ar ΚΠΑ 40 000000000 Machinen 60,000 General Resene 1 Fumitare 22.000 2. S.OD 2,98,000 They zumit Krisha i parincisi on lapril 2020. The terms being that 11 Slie shall have to bong IN HOOD is hier Gipital for 15 share in future profis and 20.000 as her share of Good (2) A pavision tons doute debis to be crned on sundry debtors. 2 Fumniture to be depriated by 2 (4) Stock should be appreviated by: 5uad Building be appreciated by 20%. 65) Capital Ac or all partners be adjusted in their new pruli sharing ratio through ( cast Lint Prepare : Protīt and Loss Adjustment Ac. Partners Capital A/c. Balance Sheeler new tinn,​

Answer 1

Answer:

The two amounts typically don't add up when the bank balance and the balance displayed in the company's cash book are compared.

Explanation:

Therefore, in order to reconcile (tally) the two balances, we must first identify the reasons for the discrepancy and then express those reasons in a declaration known as a bank reconciliation statement.

We require a bank balance according to the cash book, a bank statement as of a specific day, and information for both books in order to generate a bank reconciliation statement. If there is a discrepancy between the two balances, the entries in both books are compared to identify the specific items and quantities that account for the disparity.

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