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Cash in hand

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(Querist)
02 April 2014 dear sir,

wishing u all a successful financial year 2014-15.

for the accounting year 2013-14 our company(private ltd.)is showing a loss of rs.42,000/- is it legal to show a cash balance of rs.7.0 lakhs

kindly resolve

vijay
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CA Devanand Jethanandani

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CA Devanand Jethanandani (Expert)
03 April 2014 Hi Vijay,

Cash balance has nothing to do with profitability.

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