Negative Cash Balance

watch_later 11 months ago


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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2 Answers

Mukesh Solanki watch_later 9 months, 3 weeks ago

I like to inform that cash loan is not allowed above Rs.20,000/- u/s 269SS (Not Rs.2 Lakhs) as mentioned in earlier answer.


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Suresh Paramasivam watch_later 11 months ago

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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