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cash transactions

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s.balamanikandan (Querist)
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16 June 2009 is it possible to reduce cash transactions in no's.that is cash exp cash pur cash sales .....because cash related transactions ar having huge possible to prone............

CA CS CMA Srinivasan N

CA CS CMA Srinivasan N (Expert)
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16 June 2009 Hi,

Yes. It is always better to reduce Cash Transactions. You must discuss with the Purchase and Sales team. Find out the possibilities for cheque payments or recipt thru bank deposit etc.

Mostly anything beyond a small limit say Rs.5000/- should be paid by Cheque.

rgds

s.balamanikandan

s.balamanikandan (Querist)
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17 June 2009 thaks foryr reply mr srinivasan
do u think this is possible to do in small firms.......
where only one person is working with account dept.......
he is writing the vouchers recipts , preparing cheques and passing the entries regarding sales and purchases .........how the internal control will be and how the control will be there in cash relating transactions ............
please reply me sir .........

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