How to adjust excess cash???

2381 views 11 replies

In one of our clints accounts cash in hand on some particulars days are very much.

He is asking how to adjust that excess cash

So plz  kindly suggest me the appropriate n practical ways to do it!!

 

Replies (11)

1.keep deposit cash daily in banks....

2. Accounts for all expenses incurred during the day.....

regards,

ratan

one way to adjust such cash is to transfer some expenses of ur clients on the day on which cash balance is very high......

regards,

ratan

1.  His cash is high during months of  nov,dec and jan so he cant deposit cash in bank from backdate.

2. under which head of expense he shud book expense? even if he book expenses it can be of reasonable amount.

So, plz suggest sum other ways!!!!

u cn book some fictitious bills on date months like under the "staff welfare", "misc expenses", "Business promotion" .

regards,

ratan

But u hv to consider the fact that amount of expenses booked should not be questionable by "A.O."

hope u wil understand wat i wnt to say.....

regards,

ratan

by the way can u tell me the exact nature of your client business......

this wil help me some additional inputs....

regards,

ratan

sir i can very well understand wht u want to say abt booking fictious bills...

the nature of business is ,they are manufacturers of aluminium wires,cables n conductors

 

Dear Murli,

U cn book some consumable store related on which there is no vat is charged......

regards,

ratan

wil u mail the exact cash book position with narattions. on ratan_deep1 @ yahoo.co.in. if u cn.

I wil make scrutiny of that & surely provides u some solutions in this regards.....

though client privacy is also to be considered.

so mail only if u cn......

keep smiling & enjoy life......

regards,

ratan

drawing can also be shown for which sec:40A(3) N.A.

@ shweta

its a company not partnership..so how can drawings be shown?

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