Negative cash balance in books of accounts
This query is : Resolved
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
please guide
ashish limaye
24 December 2010
Very Simple introduce cash.
(Also search where and how cash balance became negative).
(Also search where and how cash balance became negative).
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
(Expert)
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.
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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