Cash Balance

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
15 March 2011 as per IT,wt happen if cash balance goes to -VE in the books.

Wt will be the impact??? on assessee???

Pls reply nd explain the same.


15 March 2011 well if you are showing -ve cash in hand while finalisation balance sheet

1. No auditor will audit
2. 100% Case in scrutiny
3. its better if u had -ve cash ,took loan of less than 20000 from dummy people and show the payment as and when u got the + ve cash in ur books

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
15 March 2011 as a auditor wt we have to check nd wt is our responsibility.

wt point to be more concentrate wen such type of transactions especialy -ve cash bal.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro

Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news


Answer Query



Company
22 June 2026
Accountant

Global Image Technologies Private Limited

New Delhi

MBA

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details