Cash
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 August 2015
Dear Sir
any cash limit of cash on hand in individual business.for example cash in balance sheet 3100000 in business.
any cash limit of cash on hand in individual business.for example cash in balance sheet 3100000 in business.
Amol S Joglekar
(Expert)
27 August 2015
no cash limit per se.
It should be reasonable.
What is reasonable?
It depends upon the nature of business.
3100,000 cash may be peanut for say RELIANCE but may be huge for sole proprietor. Prudent judgement has to be taken while deciding whether or not 3100,000 is reasonable
It should be reasonable.
What is reasonable?
It depends upon the nature of business.
3100,000 cash may be peanut for say RELIANCE but may be huge for sole proprietor. Prudent judgement has to be taken while deciding whether or not 3100,000 is reasonable
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