it assess cash loan to friend Rs:15 lacs Dt:10-03-21 through bank mode pay.if assess cash on hand balance avalivable as on date 10 lacs in accounting books.Question: Difference Rs:5 lacs adjustment cash in books.
Kollipara Sundaraiah (B.com) (2963 Points)
19 March 2021it assess cash loan to friend Rs:15 lacs Dt:10-03-21 through bank mode pay.if assess cash on hand balance avalivable as on date 10 lacs in accounting books.Question: Difference Rs:5 lacs adjustment cash in books.
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 19 March 2021
no need to adjust because all online and cheque transactions will come under Bank a/c and cash balances in cash a/c
so bank 15, cash 10 lakhs
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
Live Course on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance
CAclubindia
