05 July 2013
One my Client have negative cash during some months of previous year because of negligence of Accountant, the reason is because they pay salary in cash , Please suggest me how can I make that positive
08 July 2013
Just verify whether date of transactions is correct or not..
1)date of cash receipts and cash withdrawn from bank whether entries properly passed as per bank statement dates or not,
2)and also ensure date of payment made to salaries and other cash payments were entered on what date it is actually paid
Querist :
Anonymous
Querist :
Anonymous
(Querist)
09 July 2013
Actually, All the Transaction are ok , date are confirmed, but the client didi not withdrawn cash from bank & all the expenses including Salary are paid , by cash they have unrecorded , the year ends , thats why I am looking for the best alternative from Income Tax point of view to make it positive , Please suggest.....