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Suppose Company ask you to withdraw  5000 Cash from SBI Bank and keep with you for day to day expenses of office

What is this cash called?

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What entry should be passed by you

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Where should you keep this cash?

In your pocket or somewhere else?

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Suppose a Peon Ravi ask for Rs 1000 for purchasing tea and biscuits

What will you do

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Suppose peon Ravi spends 800 and return 200

What entry is to be passed

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What if Ravi does not submit bill within time allowed as per Company's policy?

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CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 8 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com .