Cash on hand balance increased
Kollipara Sundaraiah (B.com) (2963 Points)
30 September 2020question:
Assess How many ways of cash on hand balance increased producure.
Kollipara Sundaraiah (B.com) (2963 Points)
30 September 2020
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 30 September 2020
If you want to know if the low balance of 15 lakhs has increased or not? Subtract it from previous years cash in hand balance.
supposing last year balance= 10 lakhs
this years= 15 lakhs
increase of cash in hand balance is 5 lakhs and this shows that expenses have increased this year than previous year and that is why your holding extra cash.
Kollipara Sundaraiah
(B.com)
(2963 Points)
Replied 01 October 2020
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 01 October 2020
This is also a valid reason. The more the expenses, the more cash in hand.
Kollipara Sundaraiah
(B.com)
(2963 Points)
Replied 01 October 2020
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