Expenses
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 October 2011
our company has paid expenses through cash and now it is showing negative balance.
what should we do.
what should we do.
03 October 2011
Your company paid expenses through cash ,after entering this transaction in books of account your cash book shows negative cash balance(which is practically impossible) .
so this shows that before entering this transaction , you have forgotten certain cash received entries, so check it first.
so this shows that before entering this transaction , you have forgotten certain cash received entries, so check it first.
ACMA Obulirajan R
(Expert)
03 October 2011
Yes you must have forgotten certain receipts entry and also there is a chance of amount wrongly punched while entering the expenses voucher.
Please check...
Please check...
CA Pushpendra Gaur
(Expert)
03 October 2011
well there may also be hance that you may have forgotton the cash withdrawl from bank
CA Pushpendra Gaur
(Expert)
03 October 2011
also check that many of the expenses may have been met by particular person other than the company cash but wronly booked as expenses from the book of company
CA Pushpendra Gaur
(Expert)
03 October 2011
there is also possibility that some person may have been given advance either from bank or cash, and now when he has submitted the vouchers, the same may instead of adjusted from advance wrongly booked as cash expenses
CA Pushpendra Gaur
(Expert)
03 October 2011
please prepare BRS and also properly look for the advance adjustment properly
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
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Taxation of crypto futures in India Fy 2026- 2027
- Issuing of delivery challan by seller of goods
- Transfer of Physical Stock Between Two Proprietorship Concerns
- EPF ECR NEW RULES Sep 17th 2026
- 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?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
