Negative Cash Balance


Anonymous
watch_later 1 week, 5 days ago

Sir,

A I.t. small trader accounting books day book,  all ledgers and  all accounting transactions update maintained.if a trader recent some amount( 6 lacs cash) cash deposit in bank account.but negative cash balance show in daybook.

How to solve the negative cash balance in daybook.

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1 Answer

Suresh Paramasivam watch_later 1 week, 1 day ago
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Hello Sir,

If you deposit 6 lacs cash in your account. Then you should have cash balance in your cash account. Without cash balance how can u deposit ?. What is the source for that fund. If you received by cash loan. Then you can put one receipt for the same. But As per Govt rule you can't take cash loan more than 2 lacs.

Thanks and Regards

Suresh Paramasivam

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