How to ajust Negative Cash Balance of Rs 350000 in a company's accounts?
Hoping for the best possible accounting entries adjustment...
Thanks,
Menu
Negative cash adjustment
Replies (3)
If there is no cash balance, co. might have taken loan or Bank OD.
Therefore show it in liability side under Long Term Borrowing or Short Term Borrowings.
Take a cash loan on or before date of first negative cash balance.
You can also follow these two options if possible.
1. Raise some cash invoices befor the date of negative cash
2. Show cash receipt from some of your debtors which you think may be the defaulters.
Recent Threads
- Turnover limit for composition dealer in gst
- My client purchases Rs. 3 crores and his turnover
- Regarding CA foundation Exemption (Direct Entry Sc
- CFSS Scheme
- Transfer of ITC from individual to LLP
- Query of Goodwill
- Remuneration to Partners
- Request For Dhirajlal Rambhia
- Tds deduction queery
- Check ITR1 on income tax Form ITR1 Instead of 1 ho
Related Threads
CAclubindia
