21 December 2009
if we pay cash of more then 20000 to an employee and debit his imprest a/c after that employee incurs expenses case 1 of more than 20000 case 2 upto 20000 is it disallowed in both the case?
and also if we pay cash upto Rs 20000 and debit his imprest a/c and after that he incur expenses of more than Rs 20000 is it disallowed ?
06 March 2010
if exp is more than 20000/- then disallowed but if exp is till 20000/- and rest is refund or use for other exp then allowed. if you pay cash 20000/- when exp is more than 20000/- then also allow. but rest payment will be made next day in cash.
CAclubindia
