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Cash negative balance

This query is : Resolved 

03 August 2011 How to resolve/adjust if there is cash negative balance in balance sheet.

03 August 2011 Accounts are not true and fair. Nothing more to say.

03 August 2011 can v adjust the same in the balance sheet amounts instead of showing as negative balance?


03 August 2011
Agree with Chakrapani sir.

you might have taken loan from where you got the cash.
missing to show loan on liability side.

03 August 2011 Cash balance should not be negative.
Accounting is wrong

03 August 2011 Hi i think many dummy expenses entry is passed or there are some duplicate entries of payment or contra entries are not recorded properly.

You can not adjust neg cash balance in B/s rather as rightly told by expert CA Vikash get some loan in cash to set off negative to positive



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