CA Day celebration 2024 Easy Office
LCI Learning

Cash in hand

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
26 August 2012 Dear Expert,
One of my client is a partnership firm having 6 partners. On 31 March 2012, cash in hand of the firm is coming to 5 lacs.
Should I show the same figure of cash in hand or reduced it by appropriating it in any other entry.

Please advise me.
Profile Image

Ahamed

Profile Image

Ahamed (Expert)
26 August 2012 You may Either show as Cash in Hand or You can show as Loan to a Partner or Partner's as on 31.03.2012,

and again you can change it to Cash from 1.04.2012.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CA Day celebration 2024 with Tally CCI Pro

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links