Avinandan Ganguly (3 Points)
25 May 2023I 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?
NARENDRA
(ACCOUNTS MANAGER)
(1983 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
(27517 Points)
Replied 25 May 2023
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
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
CAclubindia
