Cash in hand
This query is : Resolved
06 December 2016
dear sir while preparing first time balancesheet how much i can shown cash in hand.whether i can decalare cash in balancesheet above 250000 if any problem or not give repaly
06 December 2016
whether sir howmuch maximum opening capital can be introduced..
sandip rai
(Expert)
06 December 2016
no issue for carry cash in hand at any amount on any date, but like to remind you that you must have source of that cash..eg. either it come from capital contribution or it is from normal business revenue
sandip rai
(Expert)
06 December 2016
no limit on capital contribution.. but the only thing you need to take care the source of income of capital contributor should be justifiable.
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