cashpayment

This query is : Resolved

N Ramesh (Querist)
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20 November 2008 when machine spare parts purchase againt cash then if it may go to particular machine A/c or it may Repairs Plant and Machinery A/c

Please clarify this

Thank you with regards

CMA Jitendra Singh

CMA Jitendra Singh (Expert)
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20 November 2008 Please write amount of transaction

CA Hemant T Dewani

CA Hemant T Dewani (Expert)
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20 November 2008 if the expencess are debited to p&l a/c then payment should not be more than 20000/-paid at a single time & if you are added in machineries a/c then this provison is not appliacble