Family expenses and hand loans amount treated cash withdrawal accepted
This query is : Resolved
Kollipara Sundaraiah
(Querist)
02 January 2022
Sir,
One of the it person cash withdrawal family expenses and hand loans to friends rs:8 lacs payments through on bank mode account (Google pay and phone pay and imps modes ) pay one financial year.
Question:
A person family expenses rs:3 lacs remaining balance amount rs:5 lacs cash withdrawal transactions cash in books treatment account entry passed in books accepted .
One of the it person cash withdrawal family expenses and hand loans to friends rs:8 lacs payments through on bank mode account (Google pay and phone pay and imps modes ) pay one financial year.
Question:
A person family expenses rs:3 lacs remaining balance amount rs:5 lacs cash withdrawal transactions cash in books treatment account entry passed in books accepted .
02 January 2022
Cash on hand of Rs. 5 lakhs will be questionable.
If paid up as outstanding loans, then no problem.
If paid up as outstanding loans, then no problem.
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