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cash adjustment
in a partnership firm (contractor base) needs to pay wages to labour in cash and he recieved only cheques from parties and many time they have not funds in current so they withdraw cash from their saving account and pay wages to labour so how do we adjust these paids in firm
Replies (3)
add it in partner capital account ,
note : can't pay in cash more then 10000/-
note : can't pay in cash more then 10000/-
ok thnks and do we pass a single entry or do date wise as he paid
sir
datewise
datewise
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