regarding negative cash in books

Kumar Gaurav (Going...to be C.A soon...)   (1624 Points)

28 June 2007  

hi all,

i m maintaining accounts of a partnership firm and on 31-3-07 i found that there was negative cash balance in books in some dates. can u tell me what is the remedies for the same. what can i do for that?

and can i show unsecured loan in books if yes what is the procedure for doing the same i mean what documents is prepared for the same

thx

gaurav