iam working in small industry there some bills are not having even the shop na

iam working in small industry there some bills are not
having even the shop name and contact.no. whether i should
consider that expenses or not if yes, whether that bill
attach with the voucher?

Question Posted / venkateshpentam

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iam working in small industry there some bills are not having even the shop name and contact.no. w..

Answer / rajammal

Sir/madam, I'm Rajammal. In my point of view, Bills which
are not having the details about the party. It is not
considered as a Bill. Because, there is no evidence for the
transaction for whom the transaction is made or received -
"we must only record the transaction according to the
documents". If there is no proper bill, how? we accept that
as a bill or any expenses things. Just ignore the bill from
the books of accounts and don't allow this type of mistakes
in future. If U attach that bill with the Vocuher means who
takes the response for that unknown bill.

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iam working in small industry there some bills are not having even the shop name and contact.no. w..

Answer / ram

Hi as per my knowledge bills which are small in amount can
be accepted and which are of large amount should not be
accepted as it will be an audit issue. The bills should be
rejected and the vendor should be informed to submit the
bill as required by the audit department. Until and unless
the vendor submits the bill in the desired format the bill
should not be accepted.

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