Cash negative balance
This query is : Resolved
kirankumarreddy
(Querist)
03 August 2011
How to resolve/adjust if there is cash negative balance in balance sheet.
03 August 2011
Accounts are not true and fair. Nothing more to say.
Message likes :
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kirankumarreddy
(Querist)
03 August 2011
can v adjust the same in the balance sheet amounts instead of showing as negative balance?
CA. Vikash Dwivedi
(Expert)
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.
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
(Expert)
03 August 2011
Cash balance should not be negative.
Accounting is wrong
Accounting is wrong
Sunil Kumar - CA
(Expert)
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
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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