Cash in Hand for Pvt.Ltd. Co.
This query is : Resolved
Vipin Singh
(Querist)
23 August 2008
In a Private Limited co. how much cash in hand always should be in hand and we can withdraw cash for sundry expense.
23 August 2008
You Should Have Cash atleast to Current ratio of 2:1
Quick Ratio of 1:1
Note : These Ratio's are Not Perfect Ratio It varies with the nature of Bussines
Quick Ratio of 1:1
Note : These Ratio's are Not Perfect Ratio It varies with the nature of Bussines
Sambu Suresh
(Expert)
23 August 2008
there are no rules exists how much money should be with drawn. I dont think your current ratio changes if you have the money either in your hand or u keep in banks. now a days net banking facilities are available. and e payament is in place. so one can think abount keeping of the money in hand. it differs from the nature of the compnay to other companies.
but my peer sugusted current ratio. this also one should keep in mind while spending money.
but my peer sugusted current ratio. this also one should keep in mind while spending money.
CA.Tarun Maheshwari
(Expert)
23 August 2008
I agree with Mr.Sambu Suresh
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Amount transferred in HUF Account
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- GST input credit on commercial property
- Nursery business
- GSTR-9C filing
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- Working on Gold wastage during Melting of old gold jewellery
- Import Order Cancelled.
- Royalty payments to the Mining Department for procurement of murum - GST input
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
