Negative cash balance
This query is : Resolved
24 August 2013
Dear Expert,
Plz provide me the solution ...If a comapany show negative cash balance in books of account..owner of the company does not know much abt this adjustment. This negative cash balance is due to heavy cash deposits in bank.Plz Suggest me the way hw i can adjust this negative cash or the way cash can be generated
Plz provide me the solution ...If a comapany show negative cash balance in books of account..owner of the company does not know much abt this adjustment. This negative cash balance is due to heavy cash deposits in bank.Plz Suggest me the way hw i can adjust this negative cash or the way cash can be generated
24 August 2013
cash balance can not be negative as expenditure can not be more than that of cash balance thoroughly check the transactions with vouchers scrutinize the day balance with your software pick the day on which cash balance goes negative verify that particular voucher
24 August 2013
there should not be negative cash balance
if there is negative cash balance, it should be under suppression of sale or excess booking of cash expenses.
increase cash sales
or
decrease cash expenses
if there is negative cash balance, it should be under suppression of sale or excess booking of cash expenses.
increase cash sales
or
decrease cash expenses
24 August 2013
actually cash balance is negative due to heavy cash deposits in banks
24 August 2013
if you do not have cash, then how come you deposit the cash in bank
in your case, it seems that sale has been suppressed.
in your case, it seems that sale has been suppressed.
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
- GST Regis.
- Tax on capital gains revoked us 54f
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Inventory of finished goods
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Confusion around Form 26QB fields
- Sale of property furniture sale
- Filing of Form 10BB instead of Filing Form 10B
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Applicability of Ind As to associate of associate
- GST Registration Cancellation books of accounts asked by officer
- TDS Deduction Online Learing Platform
- Point (III) 9 of GSTR-9C
- As per our records, find the below outstanding demand(s)* and interest payable u/s 220(2):
- Regarding transaction th. credit card
- HSN Details in IFF/GSTR-1 & in GSTR 9
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
