Cash negative balance
This query is : Resolved
BHUSHAN DOKE
(Querist)
14 August 2014
cash related entry ( receipt &payment) correct.
Nikhil Kaushik
(Expert)
14 August 2014
no. there should not be a negative balance unless backed by a bank overdraft
Ganeshbabu K
(Expert)
14 August 2014
Some of receipts may not accounted timely
.
.
or there may be wrong entries with regard to date of transactions..
.
.
or there may be wrong entries with regard to date of transactions..
14 August 2014
1) See if opening Balance of Cash has been taken
2) Draw transaction wise balance and see the exact transaction after which the Cash Balance turns negative.
3) Check the transaction amount and ensure that amounts are entered correctly.
Its a basic thing that your cash balance should not show negative figure.
2) Draw transaction wise balance and see the exact transaction after which the Cash Balance turns negative.
3) Check the transaction amount and ensure that amounts are entered correctly.
Its a basic thing that your cash balance should not show negative figure.
Rupesh Jain
(Expert)
14 August 2014
cash negative is not possible.
may possible
1. you receipt the cash not make the receipts.
2. withdraw from bank not entered in books
3. make cash sale but invoice not issue to customers
4.received from customer agst bal. not enter in books.
may possible
1. you receipt the cash not make the receipts.
2. withdraw from bank not entered in books
3. make cash sale but invoice not issue to customers
4.received from customer agst bal. not enter in books.
Message likes :
1 times
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
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Taxation of crypto futures in India Fy 2026- 2027
- EPF ECR NEW RULES Sep 17th 2026
- Transfer of Physical Stock Between Two Proprietorship Concerns
- MSME disclosure and disallowance
- Issuing of delivery challan by seller of goods
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
