CA Day celebration 2024 Easy Office
LCI Learning

Cash payment

This query is : Resolved 

30 August 2012 We are a Jewellery Firm. Received an order for the Ornaments and an amount of Rs.30000 received in cash. After some days customer cancelled the order. Now casn we refund the amount in cash or not?. Please guide me.

Profile Image

Guest

Profile Image

Guest (Expert)
15 September 2012 Show the receipt from customer as advance from customer and refund the balance amount on cancellation of order.

23 September 2012 is there no any objection on the threshold limit in this case?


10 October 2021 You cannot refund the total amount by cash. Maximum cash limit should be less than Rs. 20,000/-.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries




Answer Query