Why Firm's total of cash in hand and bank balance, Rs 189/50, is less than the profit after tax, Rs 453400, made by the firm? When the year started, total of cash in hand and bank balance was higher in comparison to when the year was closed, what can be the reasons for this? Is it some warning signal? Why Can't I take only cash payments and deduct them from cash receipts to compute profit? Why is depreciation to be deducted to compute profit of the firm when the amount was not paid to anyone? Why garage building value is included in capital amount? Why interest which Beg thought of paying to his father on money borrowed by Rag annot hash art of firm