How to increased cash in hand in property concern
This query is : Resolved
19 March 2020
Iam finalization accounting books data up-to-date in property concern.cash on hand is very low.how to many ways of cash on hand increased producure in proprietory concern.
19 March 2020
There should be proper reconciliation of cash book on monthly.
Cash in hand as per cash book must match with the cash in hand as per accounts.
Reasons for low cash balance:
You might have forget the double entry for cash deposits..
Go to cash book/ledger in Tallyerp9/any other accounting software there will be negative balance which display in red colour.
If you deposit cash to bank account then you must pass the source entry for cash--Is it received from customer?
Is it received from proprietor??
Is it the cash in hand deposited??
19 March 2020
When you deposit cash to bank then you must account from where the cash has received to avoid the negative balance..
When you withdraw cash from bank account for expenses then you must pass contra entry first to increase the cash in hand ..
Check the double entry for
the cash deposits
Cash withdrawals
Cash received
Cash paid
20 March 2020
Negative cash balance rectify how many options.
05 May 2020
Keeping proper and accurate records of everything is the only option available.
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