CASH BALANCE IN PARTNERSHIP
This query is : Resolved
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NAGA KRISHNA Shasthri
(Querist)
31 March 2023
Dear All,
There is a cash balance 0f Rs 34 lakhs in partnership firm , there is no cash deposits during the year.
please advise
There is a cash balance 0f Rs 34 lakhs in partnership firm , there is no cash deposits during the year.
please advise
CA R SEETHARAMAN
(Expert)
01 April 2023
Turnover should match with cash balance.
NAGA KRISHNA Shasthri
(Querist)
01 April 2023
Sir Turnover Rs 6 crores
CA R SEETHARAMAN
(Expert)
01 April 2023
No problem in such a case when cash sales exceeds 34 lacs.
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