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Cash receipt limitation

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(Querist)
10 October 2018 Sir/Madam,

I recently issue a sale bill worth Rs. 67350, and received the same amount by Cash. Can I enter(in Tally) this cash receipt in a single entry?

I recently received an Invoice for machinery maintenance expense worth Rs.23640. Can I Pay full amount by Cash?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
10 October 2018 You can receive sale amount in cash upto 2 lacs. You can't make payment for expenses in cash more than 10,000.

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