Correction of negative cash balance
Kollipara Sundaraiah (B.com) (2963 Points)
08 December 2019how to correction of negative cash balance in daybook.
Kollipara Sundaraiah (B.com) (2963 Points)
08 December 2019
Srishti Agrawal
(Practice, Teacher)
(172 Points)
Replied 18 December 2019
You should reconcile every item again, if there is no discrepancy then check whether some expenses were done through personal money which is now bought into business technically as capital.
So to say, either some payments have be done from more money from personal cash of the trader or some revenues received are not written up.
Kollipara Sundaraiah
(B.com)
(2963 Points)
Replied 18 December 2019
Cash on loans received procedure is correct or if any another procedure
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)