Cash payment

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Querist : Anonymous

Querist : Anonymous (Querist)

20 September 2013 how accounting would be done for duplicate notes found in cash box......

Guest

Guest (Expert)

20 September 2013 to that extent Net Worth should be reduced by reducing capital through lost of cash due to duplicate note........

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Querist : Anonymous

Querist : Anonymous (Querist)

20 September 2013 first of all thanks for your reply,whether it will be appropriate to dr. such loss to Office expenses..

Guest

Guest (Expert)

20 September 2013 dear,

according to me, if there is loss of business then and then its better to dr to pl acc otherwise its better to reduce net worth to that extent

Querist : Anonymous

Querist : Anonymous (Querist)

20 September 2013 thank you sir

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