Much cash balance in balance sheet
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 May 2015
Dear Members,
I would like to know that "What are the effects when there is huge cash balance in Balance Sheet.
Please clarify ..
Regards.
I would like to know that "What are the effects when there is huge cash balance in Balance Sheet.
Please clarify ..
Regards.
CA AnKiT BoHrA (AB)
(Expert)
04 May 2015
there are no ill effects.. depending on the size and requirement of companies, cash balance is allowed... only u had to show that it all comes from a legal source... nothing else...
but yes reasons should b there to prove the genuine nature of transactions for having huge cash
but yes reasons should b there to prove the genuine nature of transactions for having huge cash
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