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All QuestionsCash balance negative
Profile photo of Kollipara sundaraiahKollipara sundaraiah asked 4 years ago

Cash balance negative

An I.t. trader maintained accounting books daybook, ledgers up to date. if a trader some amount (4 lacs) cash deposit in bank sb account. but the negative cash balance shows in the daybook.
How to solve the negative cash balance in the daybook.

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1 Answers
Profile photo of Sandip AgarwalCA Sandip Agarwal answered 4 years ago

there should be no negative cash balance
check for receipts from debtors, cash sale, cash payments, etc. & correct the same


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