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Cash Limit, Accounting - Auditing

Issue Id: - 113475
Dated: 12-3-2018
By:- S.T.Biradar Biradar
Cash Limit

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We cannot make any cash transaction exceeding ₹ 10,000/- per day w.e.f.1.4.18.

if we have received a report which contains the details of petty cash expenses incurred in a month at our site that is crossing 10,000 limit & we have given the cash for the same exceeding 10,000/- on a particular day is it violation of the said limit?

& how its different from 2lac cash limit per transaction/per day?

please explain

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Showing Replies 1 to 2 of 2 Records

1 Dated: 15-3-2018
By:- S.T.Biradar Biradar

awaiting suggestions please


2 Dated: 14-5-2018
By:- DR.MARIAPPAN GOVINDARAJAN

Even though it exceeds ₹ 10,000/- individual transaction is to be considered.


1

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