I want to know about this section (Cash Withdrawn)

Save Share

This query is : Resolved

Quick Summary

This discussion clarifies that if a company has not withdrawn cash from its bank account, it generally has no impact on the accounts. The primary concern is ensuring the account remains active and doesn't become dormant. The question of how to book expenses in such a scenario is also addressed, with the advice that not withdrawing cash doesn't alter standard expense booking procedures.

Mohamed Umar MA

Mohamed Umar MA (Querist)
Follow

17 February 2023 Any one please
If company did not withdrawn the cash from bank has it impact in accounts?
How to book expenses?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

17 February 2023 If you have not withdrawn any cash from your account, that doesn't impact in any manner. Only thing is the account should not be inactive/dormant.

Message likes : 1 times

Mohamed Umar MA

Mohamed Umar MA (Querist)
Follow

17 February 2023 Sir, Thank You Very Much

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

17 February 2023 You are welcome.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now