Maintaining of mannual cash book
This query is : Resolved
Bijoy Krishna Adak
(Querist)
06 September 2011
I'm working with a non-banking finance company at its Regional Office. Our Accounts dept. is saying we are dealing crores of business, why should we maintain mannual Cash Book? For your information we have no standard accounting package and no huge volume of entries in our Regional office, average 25 entries per day.
My opinion Book keeping is must sine we have no standard accounting package else preparing of accounts and statement not possible
Please give your opinion and oblige.
My opinion Book keeping is must sine we have no standard accounting package else preparing of accounts and statement not possible
Please give your opinion and oblige.
08 September 2011
Maintenance of books has been prescribed by the provisions of Section $$AA of the Income Tax Act. As regards maintenance of cash book it is not specified whether you can maintain manually or electronically but you have to maintain. You can maintain it in XL form also.
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
- Tax on Amount transferred in HUF Account
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- GST input credit on commercial property
- Nursery business
- TDS on Dashcam rent and allied services
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- How do you manage client document collection and follow-ups in your CA/CS practice?
- Royalty payments to the Mining Department for procurement of murum - GST input
- Capital gains in IT returns
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- 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
- 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
