How to adjust excess cash?? plz help

U Mean That Cash At The End of Year is Normal....

advances for purchase of land.. reverse da same assuming that the purchase agreement is not honoured.. prepare the supporting docx 4 da same...remember that the party shud be the ACTUAL party.. n not the fake.. otherwise u may face prob during scrutiny..

@ Ayush

cash at the year end will definitely b normal..i hopeu understood wht i meant.

Any other simple ways ????

create an imprest account to uniformily settle that. but it must be provable

@ Murli..!!

there are so many ways..

but in every case, u must have evidences...

without that u may face problem..

Originally posted by : Murli
	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!!

i think, adjustment is not ur work.. talk to ur boss..!

any adjustment you do must be in the knowledge of your principal. so talk to him first...

Ya any adjustment made will definitely b in my boss's knowledge.

Actually i wanted to know the opinion of the respected members of CCI !

There should not be any problem coz of the excess cash if the transactions are properly supported ...

However Excess cash can be deposited in bank a/c ...

Prefferably in Current A/c's that the business is operating to keep the account turnover good as far as possible ...

Or

Ur client may consider any short term investment options ...

As this will help him keep his overdraft limit as well as enable him of some returns ...

Excess cash can be deposited in bank ...but it cant be done from back date buddy!!

Hello Murli,

You can adjust it by transfer the cash amount for not more than Rs. 20000/- on daily basis to Business Promotion A/c or also by adjusting it through advance given for property to the individual or company who are in need of cash. As you are from CA firm so u have many client, so make a contact with ur another client who are in need of cash.

murali

cash show the take to the advance from custmers (depend upon the nature of bussiness)