Assess finalization of hospital accounting books data in f.y .19-20.but cash on hand balance is very low(15 lacs).
question:
Assess How many ways of cash on hand balance increased producure.
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Cash on hand balance increased
Replies (4)
If you want to know if the low balance of 15 lakhs has increased or not? Subtract it from previous years cash in hand balance.
supposing last year balance= 10 lakhs
this years= 15 lakhs
increase of cash in hand balance is 5 lakhs and this shows that expenses have increased this year than previous year and that is why your holding extra cash.
Cash on hand balance low reason for assess some construction expenses entries booked in books.
This is also a valid reason. The more the expenses, the more cash in hand.
Cash on hand balance increased fees collection one way only or any other ways of increased cash on hand balance
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