Cash in Hand for Pvt.Ltd. Co.
This query is : Resolved
Vipin Singh
(Querist)
23 August 2008
In a Private Limited co. how much cash in hand always should be in hand and we can withdraw cash for sundry expense.
23 August 2008
You Should Have Cash atleast to Current ratio of 2:1
Quick Ratio of 1:1
Note : These Ratio's are Not Perfect Ratio It varies with the nature of Bussines
Quick Ratio of 1:1
Note : These Ratio's are Not Perfect Ratio It varies with the nature of Bussines
Sambu Suresh
(Expert)
23 August 2008
there are no rules exists how much money should be with drawn. I dont think your current ratio changes if you have the money either in your hand or u keep in banks. now a days net banking facilities are available. and e payament is in place. so one can think abount keeping of the money in hand. it differs from the nature of the compnay to other companies.
but my peer sugusted current ratio. this also one should keep in mind while spending money.
but my peer sugusted current ratio. this also one should keep in mind while spending money.
CA.Tarun Maheshwari
(Expert)
23 August 2008
I agree with Mr.Sambu Suresh
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