Cash transactions and bearer cheques
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 September 2017
Dear Sirs,
We are registered govt contractors. My query is how do we account for the daily cash transactions in our business ?
Cash transactions include hiring charges, purchase of sand, stone, etc, weekly casual labour payment, bribes , etc
On the same note how do we account for bearer cheques again also provided to some of our suppliers stated above.
Please advise.
We are registered govt contractors. My query is how do we account for the daily cash transactions in our business ?
Cash transactions include hiring charges, purchase of sand, stone, etc, weekly casual labour payment, bribes , etc
On the same note how do we account for bearer cheques again also provided to some of our suppliers stated above.
Please advise.
25 September 2017
you can very well account for the same as the normal principles of accountancy
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- TAN for Partnership
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Sales return eway bill
- Loan by Partnership Firm
- TDS related Query_Liquidated Damages
- Is it compulsory to File 10E if Income including Pension Arrears is below 12 Lakh for the F Y 25 26
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- Free lancer income
- Long Term Service award taxability in hands of company
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
