Cash transaction

satish kumar Chauhan (accountant) (344 Points)

01 April 2017  


My querry is, if a firm( propriotersiph or partnership) purcahse good worth rs more than 2.00 lac( each bill les than 2.00 Lac) from a single suppler during the financial year 2017-18. Can firm make the payment in cash on various dates i.e less than 10000/- per day.