Pls adv if we can make payment to Director, in cash of Rs 2 lacs, against loan received during previous years from Director in cheque. If yes, can I make one single voucher of Rs 2 lacs, or how much amount can be entered in cash in a single voucher.
Also, can we make payment of Salary in cash monthly to Director?
Thnx and regards
Gurvinder Singh
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Cash payment to director