Stamp paper purchased by a company and given to the employees for use, will this be counted as cash while doing physical verification of cash.
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Stamp paper
Replies (2)
When you purchased Stamp paper you have debited to expenses a/c and credit to cash .
It means you have already reduce your cash balace so at the time of phisical verification it will not included in cash
For unused stamp papers you can maintaing seperate register.
>> Rajesh
Thanks Sir..
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