What is the formula to tell how much cash is on had?
What is the formula to tell how much cash is on had?
No Formulae Is Available To Know " How Much Is Equal To Cash In Hand "
But By Following General Practice Of Accounting And Auditing We Have Two Methods To Know The Amount Of Cash In Hand
1 To Count It Physically
Or
2 Try To Make Cash Flow Statement, Which Actually Tells U How Much Inflow
And Outflow Has Taken Place.
Cash Inflow - Cash Outflow = Cash In Hand
See Some Books Or Cash Flow Softwares Over Net
Hope This Helps U A Bit : )
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