I was given the task of doing FS projections for a 2 year old company based on the data they've given, their projected revenue and costs and FS of the last 2 years. In the B/s for 3 years the cash in hand(it's the bf) came as negative and I don't know how to adjust it. Can someone help me out?
4 Replies
NARENDRA
(ACCOUNTS MANAGER)
(1994 Points)
Replied 25 May 2023
Genuinely if we think , how is it possible then we can get an easy answer . Because when it happens ( Cash paid to someone or for expenses ) , someone definitely did, it means on behalf paid by him/her. So now you will have to credit those people who paid on behalf of the company.
sabyasachi mukherjee
(27574 Points)
Replied 25 May 2023
Negative cash balance is a fallacy:
it may happen with everyone
omission of receipts or excess booking of expenses.
it may happen with everyone
omission of receipts or excess booking of expenses.
Avinandan Ganguly
(3 Points)
Replied 25 May 2023
I understand that but the problem here is all these amounts aren't real and are just projections i.e. based on a growth pattern and thus I'm apprehensive about adding or subtracting from any of the values as they're all provided by the client
CA Raj Doshi
(Practising CA)
(8924 Points)
Replied 26 May 2023
Increase profitability, Increase borriwings
Recent Topics
- Nznxnc call me at the end of the day of the
- Cp chod doob zoom vo book book
- Nsje snswk fjw ed le ene djff ne enje ejdd rejje
- Hxjcif the day I have been in touch with me and
- Iska djd djrbdsjebshe sir ur rei ejr reinr the jr
- GST registration for medical shop in Karnataka
- Hsshs me know if you are free number of the
- Chu Kang and the situation of the situation and I
- How to reverse wrong transaction payment in phonep
- Paytm wrong transaction
Related Threads
CAclubindia
