Anon
watch_later 06/02/21
Sir,
How much amount cash on hand balance hold a shop keeper show in balance sheet at the end of the finicial year(31st March)
Showing accounted cash balance is fine, irrespective of the amount of cash.
A shopkeeper receives sale consideration in cash, so he will have cash balance at every year-end. If cash is accounted there should be no issue in any amount of cash since the source of cash can be justified.
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