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White entry

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(Querist)
31 December 2015 Dear sir I have closing capital of Rs 1000000 whether I can give white entry check deposit cash of rs 700000 but sir cash balance asper books only 300000 in this case to give white entry to builder.
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
31 December 2015 You should not do so as the basic question is How you will deposit 700000/- in your bank account when you are having cash amounting to Rs 300000/- only?
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alpesh

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alpesh (Querist)
31 December 2015 Dear sir I can give white entry of rs 250000 also you suggest to me whether cash balance as per books is required to give white entry to builder..
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