06 July 2021
sir, A individual status business person un accounting cash balance Rs: 50 ,000/- difference show in books. cash balance as per accounting books rs:2 ,50,000/- cash balance as per trade rs:3,00,000/- Query: A person how to adjustment procedure un accounting cash balance rs:50,000/- in books.
07 July 2021
Obviously some transaction has been omitted or incorrectly recorded without debiting cash account due to which there is difference. Please check whether there was any opening balance of cash in hand which was missed out to be recorded in books of accounts. Otherwise there are hardly any chances of mismatch in double entry system.
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