We are a partnership SSI manufacturing Unit. Please note that for the Month of 07,2016 we have not withdrawn any cash from bank and nor create any cash Bill but 07,2016 Cash Expenses come Rs. 110100.00 for different purpose (Travelling, Tea Tiffin, Delivery, Factory Exp. , Salary Etc.).
So CASH NEGATIVE BALANCE come 07,2016 is Rs. 95,050.00 which shown below:
Cash Book
Opening Balance 07,2016 = 15050.00
Add: Credit Balance 07,2016 = NIL
Less: Debit Balance 07,2016 = 110100.00
Total Cash Balance = (-)95050.00
Please tell us how to solve this problem and create CASH BALANCE (+)
CAclubindia
