Cash negative balance

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kirankumarreddy

kirankumarreddy (Querist)
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03 August 2011 How to resolve/adjust if there is cash negative balance in balance sheet.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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03 August 2011 Accounts are not true and fair. Nothing more to say.

Message likes : 1 times

kirankumarreddy

kirankumarreddy (Querist)
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03 August 2011 can v adjust the same in the balance sheet amounts instead of showing as negative balance?

CA. Vikash Dwivedi

CA. Vikash Dwivedi (Expert)
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03 August 2011
Agree with Chakrapani sir.

you might have taken loan from where you got the cash.
missing to show loan on liability side.

ACMA Obulirajan R

ACMA Obulirajan R (Expert)
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03 August 2011 Cash balance should not be negative.
Accounting is wrong

Sunil Kumar - CA

Sunil Kumar - CA (Expert)
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03 August 2011 Hi i think many dummy expenses entry is passed or there are some duplicate entries of payment or contra entries are not recorded properly.

You can not adjust neg cash balance in B/s rather as rightly told by expert CA Vikash get some loan in cash to set off negative to positive

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