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Cash Transaction

Chintan Sinha (21 Points)

20 January 2020

Proprietor can give and take any amount in cash from its sole proprietorship firm??

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10 Replies

RAJA P M ("Do the Right Thing...!!!") (128106 Points)
Replied 20 January 2020

I think Yes...

Wait others view...

1 Like

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sabyasachi mukherjee (27797 Points)
Replied 20 January 2020

There is no limit to it....

1 Like

Chintan Sinha (21 Points)
Replied 21 January 2020

There is any clause or sections
please guide me fully

Aman Modi (76 Points)
Replied 21 January 2020

Yes proprietor can do transactions without any limit.

1 Like

Chintan Sinha (21 Points)
Replied 22 January 2020

But question is cash minus or shortage during the year can be solved by this way, is it fair?

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Kapadia Pravin (17264 Points)
Replied 22 January 2020

No answers for fudging of Accounts

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Aman Modi (76 Points)
Replied 23 January 2020

Yes proprietor can bring the cash in business at any time. shortage of cash can be tackled by this way.

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RAJA P M ("Do the Right Thing...!!!") (128106 Points)
Replied 23 January 2020

But question is cash minus or shortage during the year can be solved by this way, is it fair?

- May be yes. But, Source of amount will be explain at the time of rectification/scruitny...

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sabyasachi mukherjee (27797 Points)
Replied 05 March 2020

In a sole proprietor firm..
there is no such limit.

someone is speaking of fudging of accounts ..

do u know the meaning of window dressing of accounts..