12 February 2014
what you mean by credit card payment in cash? if you mean payment to credit card company, i dont think that can be disallowed given that you dont pay to credit card company in relation to an expense...
12 February 2014
Payment is to be deposited with the banker even if paid in cash. Although the entry will not reflect in your bank books but it can be argued that payment is via bank only. I don't think so it would be disallowed.
CAclubindia
