negetive cash in the balance sheet
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 July 2010
some body tell me that if the cash in hand is get negetive then wt is the way to get it positive and tell me that why is it get negetive . could it be positive to enter some exp. in the accounts .
02 July 2010
Cash balance cannot be negative. Bank balance can be negative in case of cash credit utilisation. In such cases, it should be shown as secured loans.
02 July 2010
Agreed with MR. Rasesh.
No, cash balance can't be negative. If there is any position that shows company has also maintianed unaccounted cash.
If in Balance Sheet Cash & Bank Balance is the same group, then you can check whether bank balance is negative or positive. It can be negative in case of overdraft/ cc limit or cheques issued more than account balance from company end itself.
No, cash balance can't be negative. If there is any position that shows company has also maintianed unaccounted cash.
If in Balance Sheet Cash & Bank Balance is the same group, then you can check whether bank balance is negative or positive. It can be negative in case of overdraft/ cc limit or cheques issued more than account balance from company end itself.
12 July 2010
cash balance cannot be negative if it is that means co is not maintaining proper accounts
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- TAN for Partnership
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Suggestions required for income tax filing-software (FY 2025-26)
- STCG FOR GOLD ETFs
- E way bill for tractors
- LTCG for Assmt year 26-27
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
