Cash

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 June 2014 CAN ANY ONE TELL ME :
U CASH IS THERE AND WHAT IS ACTUAL USE OF IT

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Guest

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Guest (Expert)
30 June 2014 WHAT IT MEANS U CASH IS THERE...?????

30 June 2014 pls elaborate ur querry.


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Querist : Anonymous

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Querist : Anonymous (Querist)
30 June 2014 SORRY,
Y IN PLACE OF U

30 June 2014 pls clear you query

what is Y cash.

30 June 2014 cash is there to do transactions of buying , selling, for making payment.

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Guest

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Guest (Expert)
30 June 2014 cash is there to meet small petty cash related expenses

these expenses cant b paid through bank on daily basis

so for every organisation cash is must dear

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 June 2014 I QUITE AGREE,
PEOPLE MISUSE IT AS U AWARE SO,AS A CA WE TRY TO DECREASE IT


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30 June 2014 no one can mis use it if a ca is auditing that

because every ca knows all the ways how this mis use can be handled

income tax is also tight regarding cash dealings so mis use chances are very low these days

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 June 2014 PEOPLE CAN USE IT TO CONVERT BLACK MONEY INTO WHITE MONEY AND VICE-VERSA

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Guest (Expert)
30 June 2014 explain how they can do.....surely wil try to answer that also......

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 July 2014 FOR INSTANCE :

MR. X GIVE BLACK MONEY TO MR. Y AND TAKE CHEQUE FROM THEM . MR.X SHOW THAT AS A LOAN RECEIPT.AND THUS THEY CAN TEMPORARILY CONVERT THEIR BLACK MONEY INTO WHITE.

THEN THEY AGAIN GIVE THEM A CHEQUE AS A REPAYMENT OF LOAN AND RECEIVE CASH WHICH CONVERTS WHITE TO BLACK AGAIN.


01 July 2014 then income tax dept can find out that how mr x got the black income which was given as loan to mr y then he can be cuaght

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 July 2014 I'M NOT UNDERSTAND WHAT R U SAYING..
PLEASE CLARIFY CLEARLY



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