Cash negative balance
This query is : Resolved
14 August 2014
cash related entry ( receipt &payment) correct.
14 August 2014
no. there should not be a negative balance unless backed by a bank overdraft
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.
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.
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