Expenses paid in cash need to deduct voucher?
This query is : Resolved
Pawan Kumar
(Querist)
05 October 2019
Dear Sir,
If we make payment in cash for some expenses then we need to deduct voucher or take sign of receiver on bill ?
If we make payment in cash for some expenses then we need to deduct voucher or take sign of receiver on bill ?
05 October 2019
If payment is made against bill and through cash , it is sufficient to get signature of the receiver in the paid bill.
Pawan Kumar
(Querist)
05 October 2019
If expenses paid against cash memo?
CA Shiv Kumar Sharma
(Expert)
05 October 2019
You can take signature and if payment is more than Rs.5000/- then affix revenue stamp on Voucher and take signature on that revenue stamp. Please note that you cannot make Cash payment in excess of Rs.10,000/- in a single day to a single person.
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