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Daily expenses
hi, can we transfer the amount in the employee salary account to pay for day to day cash activities.
Replies (8)
Quick Summary
Better make a petty cash account
For meeting daily expenses petty cash register and account should be maintained
We don't have a debit card and through chq, it's a lengthy process to take cash especially in this tym. if we deposit cash in an employee account who manages daily cash activities is this wrong?
No it is not a correct way, you should maintain petty cash
Depositing cash in employee account could create an issue for the employee if he isn't filing in the return and/or the cash deposit per annum is more than 10 lakhs. Advisable to do a bank transfer and let the employee withdraw through ATM whenever he estimates probable payments in the subsequent few days.
Agree also with above comment
Sourav you are replying twice the same answer just for getting points or 250/- reward on CAClubindia.
what is sense of yes or no, just for point..
Please respect this reputed profession and stop making fun of public platform.
It's already told by reputed member to you that stop replying without any base just for points
If you are not Stop this, I have to make complaint to block your account.
what is sense of yes or no, just for point..
Please respect this reputed profession and stop making fun of public platform.
It's already told by reputed member to you that stop replying without any base just for points
If you are not Stop this, I have to make complaint to block your account.
Please maintain dignity and stop replying this and gaining points... please stop.
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