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Cash for a day to spent expenses of a company

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 June 2016 hi,
I would like to know about that how much cash we can spend in a day for company expenses according to balance sheet.
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Rupesh Jain

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Rupesh Jain (Expert)
30 June 2016 for that you cannot make payment for exp. to any person exceeds Rs. 20000/- in day.
otherwise exp. will be disallowed. but you can buy fixed assets in cash.
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