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Currancy

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(Querist)
06 May 2015 WHICH CURRENCY I CAN RECORD IN THE BOOKS OF ACCOUNTS I.E. CAN I RECORD .25 PAISA OR LESS THAN THAT IF IT IS AVAILABLE WITH ME AND GIVE LINK FOR THIS SPECIFICATION
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
06 May 2015 In 2011, the Reserve Bank of India (RBI) phased out the 25 paise coin, more popularly known as "chaar anna"

The humble 50 paise coin is still legal tender, but could be close to extinction given that people refuse to accept it.

So you can't record 25 paisa or less than that.

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