Stamp paper

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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.

 

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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