Cash payment

This query is : Resolved

Pratul (Querist)
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18 October 2012 I have paid Rs.20000/- to one Staff member as Advance for Expenses. He has submitted various bills to clear that advance. Now my query is Can pay Rs.20000/- as Advance for Expenses or it will be disallowed.

Sunny Sonwal

Sunny Sonwal (Expert)
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18 October 2012 Yes, it is allow and treat like prepaid expenses.
or, You can consider this amount under petty cash expenses.

SANYAM ARORA

SANYAM ARORA (Expert)
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18 October 2012 Agreed with the expert

Mrs. Raina Shah

Mrs. Raina Shah (Expert)
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18 October 2012 agreed with the expert

Pratul

Pratul (Querist)
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18 October 2012 Thanks a ton....

CA Prashant Gupta

CA Prashant Gupta (Expert)
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18 October 2012 you can give advance 20,000 or more. But one thing to remember no bill which is adjusted with this advance must exceed 20,000/-.

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