I MEAN TO SAY AFFAIRS OF BALANCESHEET NOT REAL,AFTER ADJUSTMENT OF ALL EXPENSES, HOW MUCH CASH LIMIT WE CAN KEEP ON ASSETS SIDE? MEANS ABOVE 20000 TO HOW MUCH?
THANKS & REGARDS
ARUNA
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CASH ADJUSTMENT
Replies (6)
der is no such limit.. u can keep any amount.
The limit of 20,000 is for Cash payments and not forBalance of cash on Asset side.
the cash should be in accordance with the business nature and the form of business. although there is no such limit but the cash should keep minimum as required for the next 5-10 days expenditure
Show avg cash Bal...
Yes there are no limit for maximum cash balance you can take the actual balance as on date.
Dear Aruna,
You just ensure that the cash shown in Balance Sheet is physically available on that day.
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