Cash deposit from capital
This query is : Resolved
Kanhaiya Lal Verma
(Querist)
01 April 2013
Dear Expert Good afternoon
If A Pro. BS Has Liability
Capital-1142385.43
UnSecured Loan(Family)-1325000
Current Lib.&Prov.-9975 and Assets
Furniture-5354
Closing Stock-1629434
Building-613475
Cash in Hand-158312
Bank Bal-65274
Loan & Adv Asset-5511
Then the prop. can deposit cash Rs 6 Lac in bank in Aptil 12 to payment against Purchase of Material while cash in hand Rs 158312 but capital is Rs 1142385
Please guide me in this case.
If A Pro. BS Has Liability
Capital-1142385.43
UnSecured Loan(Family)-1325000
Current Lib.&Prov.-9975 and Assets
Furniture-5354
Closing Stock-1629434
Building-613475
Cash in Hand-158312
Bank Bal-65274
Loan & Adv Asset-5511
Then the prop. can deposit cash Rs 6 Lac in bank in Aptil 12 to payment against Purchase of Material while cash in hand Rs 158312 but capital is Rs 1142385
Please guide me in this case.
CMA Ramesh Krishnan
(Expert)
01 April 2013
You cannot deposit as showing cash in hand fully. different can be shown as new capital brought in and deposit
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