cash nagative
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 September 2011
Sir
My firm is patnership trading concrn business unfortunatly my cash balance is -tive so my question is the company how many type gain cash to maka a +tive cash balance
My firm is patnership trading concrn business unfortunatly my cash balance is -tive so my question is the company how many type gain cash to maka a +tive cash balance
CMA Ramesh Krishnan
(Expert)
03 September 2011
you can show as additional capital from proprietor or loan from relatives
Praveen Sharma
(Expert)
04 September 2011
agree with expert. Introduce capital or take loan.
06 September 2011
First of all you should find out how it has gone in negative. Generally when the proper accounting is done it is always positive. If it has gone in negative then the following may be the reasons:-
1) Expenses incurred by partners debited in books but not credit to their account.
2) Journal entry is passed in cash book.
3) The partner have the unaccounted cash and expenses incurred out of that is booked in the regular books of account.
1) Expenses incurred by partners debited in books but not credit to their account.
2) Journal entry is passed in cash book.
3) The partner have the unaccounted cash and expenses incurred out of that is booked in the regular books of account.
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