Dear all,
I work in a small private firm. I faced a problem for the assessment year 2011-12. The Balance Sheet shows that I have cash in hand near Rs.2,50,000/- but I need to reduce it to Rs. 30,000/- but the profit can not be reduced as it will be below 8% then. Plz suggest me how can I reduce the Cash without affecting my Gross Profit. Thank you.
increase debtors by Rs 220000 and reduce cash by same.
then show adavnce to supplier.
Yes you can
ADY & CO.
New Delhi
Graduate (Any)
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Varma Raja & Associates
Thrissur
CA Inter
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CCI
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