Daily expenses
Querist : Anonymous
Please let me know that I purcahse Rs. 2500/- stationery on 15/7/2017, & Rs. 3500/- Newspaper Exp. on 25/07/2017. I have paid this expense through cash on 27/7/2017 total 6000/-. Then my liabilities create on 27/7/17 (RCM) on total Rs.6000/- ?
Querist : Anonymous
If you booked expense on different dates in books of accounts and expense is less than 5000/- then no RCM.
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