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by ravirajx7 3083 days ago
Very good point but i believe the cash in hand doesn't account for all the money you have.

There are many facets for accountability. And I don't think that any middle class person having more cash in hand while exchanging his cash could potentially prove that his money is accountable because there exist some form of money which he has given to some other person or may be has invested in some business.

My point is by totalling out just the amount of cash maybe 5-10k rupees the income cannot be accounted.

1 comments

> .. the cash in hand doesn't account for all the money you have.

Yes, but your original point I was addressing wasn't about all the money you have but specifically income.

My point is that income is coming from some transactions and 95% of transactions were cash based pre Nov 2017. And only 1% of cash outstanding was unaccounted for after demonetization.

> My point is by totalling out just the amount of cash maybe 5-10k rupees the income cannot be accounted.

Sorry don't understand what this means.

But this is probably moot now.