Cash in hand
This query is : Resolved
02 April 2014
dear sir,
wishing u all a successful financial year 2014-15.
for the accounting year 2013-14 our company(private ltd.)is showing a loss of rs.42,000/- is it legal to show a cash balance of rs.7.0 lakhs
kindly resolve
vijay
wishing u all a successful financial year 2014-15.
for the accounting year 2013-14 our company(private ltd.)is showing a loss of rs.42,000/- is it legal to show a cash balance of rs.7.0 lakhs
kindly resolve
vijay
03 April 2014
Hi Vijay,
Cash balance has nothing to do with profitability.
Cash balance has nothing to do with profitability.
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