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Cash expenses without bills

rajan (sr. accountant) (72 Points)

11 October 2020

How much cash expenses can I book in tally without bills
for staff tea , biscuit printing & stationary and freight outward

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5 Replies

prasad Nilugal ( GST Practitioner & Accounts ) (14221 Points)
Replied 11 October 2020

you should not book single one expenditure , for internal expense prepare voucher and take signature on vouchers , for external expense you ask for bills or invoice . Documentary evidence is important for Audit purpose .

Naveen Kumar T (student) (46 Points)
Replied 11 October 2020

Hello Rajan,
U can account those expenses under general expenses head up to rs.12000 per month. This will differ based on firm/company turnover also.

ayusmita (Tax consultant) (5885 Points)
Replied 11 October 2020

Maintain a petty cash book for all these expenses
with your monthly budget amount

Naveen Kumar T (student) (46 Points)
Replied 11 October 2020

But try to get cash memo for this expense account purpose, otherwise u prepare the Cash-memo & get it signed from them

ayusmita (Tax consultant) (5885 Points)
Replied 11 October 2020

Yup
he should maintain the vouchers duly signed
otherwise it will no value

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