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Cash transactions, Accounting - Auditing

Issue Id: - 116051
Dated: 24-2-2020
By:- Sundaraiah kollipara
Cash transactions

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Sir, one I t. Person maximum cash on hand limit show in balance sheet at the end of the finicial year(March) in income tax act. one I.t. and gst registered trader maintained account ( Daybook and ledgers accounts) up to date.if a trader mistake some amount ₹ 5 lacs(five lacs) cash deposit in bank sb account.but negative cash balance show in daybook.

How to slove the cash balance negative problem in daybook.

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1 Dated: 26-6-2020

You may consult a practising Chartered Accountant.


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