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Increased cash on hand

kollipara sundaraiah (B.com) (1584 Points)

26 March 2020  
one of I.t return filed and gst registered person accounting books up to date.cash on hand balance is very low.old debtors ledger balance nil in accounting books. how many ways(options) of cash on hand increased producure for the purpose of some creditors amount repayment and some bank loan repayment.

 7 Replies

Eswar Reddy S (CFO- at NHTF) (3939 Points)
Replied 26 March 2020

Try to find out the reasons for low balances..


You can not increase or decrease according Balances as per your wish.

It will be a crime.
2 Like

suraj (Student CA Final ) (284 Points)
Replied 28 March 2020

1.Cut down Expenses
2.Sale assets if any which are obsolete
3.Withdrwal cash from bank savings if any
4.Increase the Capital through cash
5.Take loan and advances from family member to some extent ....

since you have mentioned Your client has bank OD and creditor due for repayment and no any debtor's .it means you have invested your money or bought some asseets or given loan and advances .Try to arrange cash from them

kollipara sundaraiah (B.com) (1584 Points)
Replied 28 March 2020

Cash gift from relatives accepted or no.

Spurto Consultancy Services (Consultant) (1891 Points)
Replied 28 March 2020

Yes you can take cash gift from your relatives. The amount should not increase Rs. 2 Lacs.

1 Like

kollipara sundaraiah (B.com) (1584 Points)
Replied 28 March 2020

Sir, any other options increased producure.

Eswar Reddy S (CFO- at NHTF) (3939 Points)
Replied 29 March 2020

@ Kollipa Subbaiah ,

You question has intention to alter the books.And going in illegal manner..


Try to do the ledger scrutiny and ledger reconciliation.There won't be any shortages.

Try not to alter the books of accounts for no reason..

Rama chary Rachakonda (Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)   (2913 Points)
Replied 29 March 2020

promotional sales also increase cash/bank balances by giving free services as advertise your product freely. 


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