25 August 2016
How much max amnt of cash in hand should be shown in bal sheet.
Also is it permissible to show cash in hand instead of bank bal at max amnt
Till now there is no such rule but in coming years government is planning to make a rule . As per sources proposed rule is to have maximum cash of Rs 200000.
As of now ,U can show cash without any limitation but it would be advised not to have excess cash in the balance sheet