Anon
watch_later 06/02/21

Sir,

How much amount  cash  on hand balance  hold a shop keeper  show in balance sheet at the end of the finicial year(31st March)

1 Response | Latest response: 11/03/21 | Sort by Likes(thumb_up) Recent | Income-Tax Reply
watch_later 11/03/21

Showing accounted cash balance is fine, irrespective of the amount of cash.

A shopkeeper receives sale consideration in cash, so he will have cash balance at every year-end. If cash is accounted there should be no issue in any amount of cash since the source of cash can be justified.

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