cash reciever signature on cash payment voucher

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

24 November 2010 suppose company accountant give cash to his peon for buying stationery and postage exps. now there is no bill for supporting cash voucher. so peon can sign the cash payment voucher for this exps as a money reciever. in auditing ca can raise the query for this issue i.e. peon is not reciver of money then why has he signed the cash voucher as money reciever

CA. BHAVIK DILIPBHAI MEHTA

CA. BHAVIK DILIPBHAI MEHTA (Expert)
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28 November 2010 You will have to provide the as many actual bills as you may for the expenses whose bills are generally available.

For example if you are purchasing stationery then the you can ask for a bill & on the other hand if you are making payment for taxi or auto then the taxi or auto driver won't give you any bill.

Hence if the acutal bills are available then the signature of peon is not necessary. However if the same are not availabel then the signature of the peon has to be taken.

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