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Credit sales of Rs196500/

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(Querist)
11 June 2021 We have made credit sales of Rs196500/ during FY 2015-2016.Now the party wants to give the full payment in cash. Can we accept cash now from the party? Pl advise.
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Ganeshbabu K

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Ganeshbabu K (Expert)
11 June 2021 yes you can collect cash,
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ARUN GUPTA

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ARUN GUPTA (Querist)
11 June 2021 Can we receive cash at one time 196500.pl advise?
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CA Altamush Zafar

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CA Altamush Zafar (Expert)
11 June 2021 Yes you can do so.........
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