How to ajust Negative Cash Balance of Rs 350000 in a company's accounts?
Hoping for the best possible accounting entries adjustment...
Thanks,
Anil Thapa Magar (Student CA IPC / IPCC) (43 Points)
03 February 2016How to ajust Negative Cash Balance of Rs 350000 in a company's accounts?
Hoping for the best possible accounting entries adjustment...
Thanks,
SHINY
(CA Final Student)
(699 Points)
Replied 04 February 2016
AMBUJ SHARMA
(CHARTERED ACCOUNTANT)
(243 Points)
Replied 05 February 2016
Take a cash loan on or before date of first negative cash balance.
Kunal Pansari
(Accountant)
(1037 Points)
Replied 11 February 2016
You can also follow these two options if possible.
1. Raise some cash invoices befor the date of negative cash
2. Show cash receipt from some of your debtors which you think may be the defaulters.
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