Petty cash payment
kumar rajat (285 Points)
06 December 2021Examples
Date-1-april
Freight a/c Dr. 15000/-
staff weffare a/c Dr.10000/-
others exp a/c Dr. 7000/-
To Ravi employee (petty cash) a/c 32000/-
payment
1apr,2apr,3apr,4apr payment in cash adjusted Ravi employee petty cash a/c because income tax according cash expenses one day limit 10000 rs
this is a correct way or wrong
kindly suggested
Thanks experts