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
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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
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