it assessess maintained a private hospital advance fees receipts from different patients rs:10 lacs and cash balance year ended March rs:40 lacs f.y.22-23.
question:
1.advance from different patients rs:10 lacs amount profit and loss account added or balance sheet show correct procedure
2.cash balance rs:40 lacs limit provision applicable in it act
Menu
Advance from patients and cash balance for hospital
Replies (1)
1.balanxe sheet - liabilities - advance from patients 10L
2. no limit in it act. you can keep 10000 cr cash as well
2. no limit in it act. you can keep 10000 cr cash as well
Recent Topic
- TDS related matter - 194 IA
- Research: How do CA firms handle GSTR-2B reconcili
- CA FINAL FR IndAS 33 Illustrtion 14
- Taxation on Sale of old Jewellery Received at Marr
- ITR-3 Filling issues
- PF withdrawal and tax liability
- Sale of Goods or Services?
- ITR form query
- Credit against paud RCM on rent
- Dividend difference in 26AS, AIS, TIS
Related Topics
CAclubindia
