School fees receipt

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

04 December 2017 I received Cash and cheque as fees in school. Can i make one slip or make two slip. its possible or not
Please help
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RAJA P M

RAJA P M (Expert)
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04 December 2017 Dear your query is not cleared...! If you are supplying any of to school and they ll given payment as above....??

Querist : Anonymous

Querist : Anonymous (Querist)

04 December 2017 One Student fees 16450
He pay 16400 by cheque and 50 by cash
Now I make one fees slip 16450 OR
Make 2 slip 16400 & 50
What is proper accounting

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Saurabh Anokhchand Jain

Saurabh Anokhchand Jain (Expert)
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04 December 2017 It's better to prepare two receipts as you are receiving payment in two modes i.e cash and Bank

Gokul Sharma

Gokul Sharma (Expert)
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04 December 2017 50 Rs is very Less amount. Don't worry

RAJA P M

RAJA P M (Expert)
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04 December 2017 Yes I agreed to Mr Saurabh...

You ll be prepare two receipts as Bank and Cash...

As per law.,
We must keep the documents like receipts Rs. 25 and above & Payments Rs. 50 and above.

So, don't be leave if small or big. Create receipt for both transactions...

GOOD LUCK