Answers
A small retail business rice goods selling dealer accounting books upto date entries passed.but Rs:7 lacs cash balance low in books.
1.cash sales increase
2.cash loan received from different Assess 19,000*35 members
3.cash gifts from relatives and family members each one 1 lacs*7members.
Question:
Dealer above mentioned options cash balance increased better and safe in i.t.act.
Answer by: vishal
sir, how its possible cash balance will be short, you are saying up to date enteries passed, it means you have booked under sale, you have to check on your sale and increase your sale