Journal entry for balance of cash in hand:

The balance of cash in hand refers to the remaining amount of cash that a business has after all transactions have been recorded. The journal entry for the balance of cash in hand will depend on whether the balance is in favor of the business or not.

If the balance is in favor of the business, the journal entry will be as follows:

Debit: Cash in Hand Account
Credit: Capital Account

This means that the balance of cash in hand will be recorded as an asset in the Cash in Hand Account and will increase the Capital Account.

If the balance is not in favor of the business, the journal entry will be as follows:

Debit: Capital Account
Credit: Cash in Hand Account

This means that the balance of cash in hand will be recorded as a liability in the Capital Account and will decrease the Cash in Hand Account.

Conclusion:

In conclusion, the journal entry for the balance of cash in hand will depend on whether the balance is in favor of the business or not. If it is, the Cash in Hand Account will be debited and the Capital Account will be credited. If it is not, the Capital Account will be debited and the Cash in Hand Account will be credited.

Cash in hand toh journal entry toh hoti hi nahi.uski siraf ledger ma entry hoti ha. I am doing a tally course and I have performed no.of entries related to this. And I have a question for mahi why she have blocked me