cash receipts

This query is : Resolved 

05 August 2010 can partnership firm receive cash payment more than 20000 in a day against bill for 2lac+.is it advisable to receive cash towards sale of scrpe .what are the precautions to keep.Plz guide.
Thanks

05 August 2010 in case of receipts there is no problem.

05 August 2010 Agreed


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