can a company/firm give more than 20000 rs in cash in a day to his employee as an advance for day to day exp ( not for purchase a capital asset )

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can a company/firm give more than 20000 rs in cash in a day to his employee as an advance for day to..

Answer / pachaiappan s

Advance can be given to employee for incidental expenses.
But, Cash voucher (each expenses) does not exceed Rs.20,000/-
If so paid, the expenses can not be taken in to account.

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can a company/firm give more than 20000 rs in cash in a day to his employee as an advance for day to..

Answer / raghuvstar@gmail.com

While entering into book ,do entry 15000 +5000 each entry in this way we can do.
for any assistance in accounts call @ 9611129966

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can a company/firm give more than 20000 rs in cash in a day to his employee as an advance for day to..

Answer / santosh

NO

Is This Answer Correct ?    1 Yes 3 No

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