Cash payment more than rs 20000
Querist : Anonymous
The entry passed
Mobile phone(asset) dr. 54,000
To cash. Cr. 54,000
Pls tell me what is right effect of it and if it shown as business promotion exp. Then the whole amount is disallowed
So pls give ur opinion
you can purchase this through imprest a/c
in which you can give below Rs. 20000/- in three date after that you can book entry.
or you can buy through cheque.
Querist : Anonymous
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