Cash in hand
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 August 2012
Dear Expert,
One of my client is a partnership firm having 6 partners. On 31 March 2012, cash in hand of the firm is coming to 5 lacs.
Should I show the same figure of cash in hand or reduced it by appropriating it in any other entry.
Please advise me.
One of my client is a partnership firm having 6 partners. On 31 March 2012, cash in hand of the firm is coming to 5 lacs.
Should I show the same figure of cash in hand or reduced it by appropriating it in any other entry.
Please advise me.
26 August 2012
You may Either show as Cash in Hand or You can show as Loan to a Partner or Partner's as on 31.03.2012,
and again you can change it to Cash from 1.04.2012.
and again you can change it to Cash from 1.04.2012.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- NRI starting business in India
- ITDS U/S.194T of Firm
- ADVANCE PAYMENT OF ADVOCATE
- Capital gain on sale and purchase of plot
- TDS Deducted AY-2013-14 Not Reflected in 26as
- GST not cancelled by tenant
- TDS ON EMAIL DOMAIN SERVICE BILL
- UNWANTED CREDIT BALANCE OF GST AS PER BOOKS
- REGARDING ANNUAL RETURNS FILLINGS OF A COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- CREDIT NOTES WITHOUT GST
- Taxable or Tax exempt
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
