Expenses paid in cash need to deduct voucher?

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Pawan Kumar (Querist)
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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 ?

A.S.SUNDARARAJAN

A.S.SUNDARARAJAN (Expert)
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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

Pawan Kumar (Querist)
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05 October 2019 If expenses paid against cash memo?

CA Shiv Kumar Sharma

CA Shiv Kumar Sharma (Expert)
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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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