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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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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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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