Cash balance in balance sheet
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 November 2014
Is cash balance can be kept more or less in balance sheet during the income tax return? If so, what are the advantages and disadvantages in that?
26 November 2014
No any question of keeping MORE or LESS. It is to be at actuals.
If it is at actuals, then one should NOT get scared of its magnitude on either side
If it is at actuals, then one should NOT get scared of its magnitude on either side
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