I said payment of VAt was from Cash instead of current account in October last financial year. My cash in hand figure is out this year so can I take steps to fix?
I said payment of VAt was from Cash instead of current account in October last financial year. My cash in hand figure is out this year so can I take steps to fix?
I said payment of VAt was from Cash instead of current account in October last financial year. My cash in hand figure is out this year so can I take steps to fix?
Hello FLex1, To confirm the cash in hand account that is out is that the one you made the VAT payment out of ? you could do a transfer between the current and the cash , as the current should have too high a balance if there should have been a payment deducted from it? Or a journal entry could be used to rectify this , i take it the cash on hand is too high?
I said payment of VAt was from Cash instead of current account in October last financial year. My cash in hand figure is out this year so can I take steps to fix?
Hello FLex1, To confirm the cash in hand account that is out is that the one you made the VAT payment out of ? you could do a transfer between the current and the cash , as the current should have too high a balance if there should have been a payment deducted from it? Or a journal entry could be used to rectify this , i take it the cash on hand is too high?
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