Negative cash balance in books of accounts

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Querist : Anonymous

Querist : Anonymous (Querist)

23 December 2010 What treament should we use for making cash positive in books of accounts

please guide

ashish limaye

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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24 December 2010 Very Simple introduce cash.
(Also search where and how cash balance became negative).

CA CS CIMA Prakash Somani

CA CS CIMA Prakash Somani (Expert)
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24 December 2010 make a cash debit entry crediting any dummy or geunion debtors in your books... you can also park a entry for loan from, any of your relative...

Vipin Kumar

Vipin Kumar (Expert)
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24 December 2010 Hi,

Just try this:

Take printouts of Bank & Cash Ledger's
1. Check the opening balance.
2. Check that whether all "Contra" entries are matching. i.e. withdrawals in cash & deposits in cash.
3. Check which entry firstly made your cash balance go in to negative and analyse that entry how it happened.
& then
4. Check whether you have forgot to take into account any "Imprest Cash Account"

I hope this will reconcile your balance.

If this is not working then you should go by the above methods like making a genuine debtor etc.

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