In one of our clints accounts cash in hand on some particulars days are very much.
He is asking how to adjust that excess cash
So plz kindly suggest me the appropriate n practical ways to do it!!
11 Replies
Ratan Deep Saxena
(Asstt Manager (Accounts & Finance))
(2998 Points)
Replied 11 March 2010
1.keep deposit cash daily in banks....
2. Accounts for all expenses incurred during the day.....
regards,
ratan
Ratan Deep Saxena
(Asstt Manager (Accounts & Finance))
(2998 Points)
Replied 11 March 2010
one way to adjust such cash is to transfer some expenses of ur clients on the day on which cash balance is very high......
regards,
ratan
Murli
(Learner)
(117 Points)
Replied 11 March 2010
1. His cash is high during months of nov,dec and jan so he cant deposit cash in bank from backdate.
2. under which head of expense he shud book expense? even if he book expenses it can be of reasonable amount.
So, plz suggest sum other ways!!!!
Ratan Deep Saxena
(Asstt Manager (Accounts & Finance))
(2998 Points)
Replied 11 March 2010
u cn book some fictitious bills on date months like under the "staff welfare", "misc expenses", "Business promotion" .
regards,
ratan
Ratan Deep Saxena
(Asstt Manager (Accounts & Finance))
(2998 Points)
Replied 11 March 2010
But u hv to consider the fact that amount of expenses booked should not be questionable by "A.O."
hope u wil understand wat i wnt to say.....
regards,
ratan
Ratan Deep Saxena
(Asstt Manager (Accounts & Finance))
(2998 Points)
Replied 11 March 2010
by the way can u tell me the exact nature of your client business......
this wil help me some additional inputs....
regards,
ratan
Murli
(Learner)
(117 Points)
Replied 11 March 2010
sir i can very well understand wht u want to say abt booking fictious bills...
the nature of business is ,they are manufacturers of aluminium wires,cables n conductors
Ratan Deep Saxena
(Asstt Manager (Accounts & Finance))
(2998 Points)
Replied 12 March 2010
Dear Murli,
U cn book some consumable store related on which there is no vat is charged......
regards,
ratan
Ratan Deep Saxena
(Asstt Manager (Accounts & Finance))
(2998 Points)
Replied 12 March 2010
wil u mail the exact cash book position with narattions. on ratan_deep1 @ yahoo.co.in. if u cn.
I wil make scrutiny of that & surely provides u some solutions in this regards.....
though client privacy is also to be considered.
so mail only if u cn......
keep smiling & enjoy life......
regards,
ratan
Murli
(Learner)
(117 Points)
Replied 12 March 2010
@ shweta
its a company not partnership..so how can drawings be shown?
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