Expenses
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 October 2011
our company has paid expenses through cash and now it is showing negative balance.
what should we do.
what should we do.
03 October 2011
Your company paid expenses through cash ,after entering this transaction in books of account your cash book shows negative cash balance(which is practically impossible) .
so this shows that before entering this transaction , you have forgotten certain cash received entries, so check it first.
so this shows that before entering this transaction , you have forgotten certain cash received entries, so check it first.
03 October 2011
Yes you must have forgotten certain receipts entry and also there is a chance of amount wrongly punched while entering the expenses voucher.
Please check...
Please check...
03 October 2011
well there may also be hance that you may have forgotton the cash withdrawl from bank
03 October 2011
also check that many of the expenses may have been met by particular person other than the company cash but wronly booked as expenses from the book of company
03 October 2011
there is also possibility that some person may have been given advance either from bank or cash, and now when he has submitted the vouchers, the same may instead of adjusted from advance wrongly booked as cash expenses
03 October 2011
please prepare BRS and also properly look for the advance adjustment properly
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