if a payment for purchase of fixed asset is made in cash and the amount of payment exceeds Rs 20,000/- what would be the consequences?
eg computer purchased for Rs 49000/- by paying cash.
Thankx in advance :)
if a payment for purchase of fixed asset is made in cash and the amount of payment exceeds Rs 20,000/- what would be the consequences?
eg computer purchased for Rs 49000/- by paying cash.
Thankx in advance :)