Advance from Sundry debtor in Cash
Naveen Kumar (629 Points)
15 June 2021please suggest how much advance in cash mode we have received from sundry debtor in a single day.
Naveen Kumar (629 Points)
15 June 2021
Ankit Neema
(2742 Points)
Replied 15 June 2021
CA. Sourav Sarkar
(Chartered Accountant )
(24578 Points)
Replied 16 June 2021
CMA Poornima Madhava
(CMA)
(13097 Points)
Replied 16 June 2021
Cash receipts LESS THAN Rs.2 lacs in a day or in respect of a single transaction/event is allowable. But for the payer, this limit would be 10k at present.