Ad-Free CAclubindia and Daily Updates on your mobile. Subscribe Now!

SELF CHEQUE

19 June 2024

I WANT TO PAY MY STAFF SALARY BUT THEY DON'T HAVE BANK ACCOUNT CAN I PAY THEM IN VIA SELF CHEQUE AND HE CAN WITHDRAWAL FROM BANK..

THE EMPLOYEE ARE 30 AND SALARY WILL BE 3,00,000/- CAN I GIVE ALL THE 30 PEOPLE SELF CHEQUE FOR WITHDRAWAL.

IT CAN BE POSSIBLE ??

PLEASE GIVE ME YOUR SUGGESTIONS

WHAT ABOUT MY ACCOUNTING ENTRY.

IT WILL BE SHOW AS CASH WITHDRAWAL OR IT WILL BE SHOW AS A , B, C CASH WITHDRAWAL FOR SALARY PAID.

Reply
Follow
Share

6 Replies

sabyasachi mukherjee (27119 Points)
Replied 19 June 2024

Salary chq are strictly in individual name.

Upgrade to CAclubindia Pro. Subscribe Now!

Shiva Dubey (152 Points)
Replied 19 June 2024

Can we paid them as in individual name but they have to withdraw from the counter only.

sabyasachi mukherjee (27119 Points)
Replied 20 June 2024

It can be after clearing of cheques

NARENDRA (ACCOUNTS MANAGER) (1776 Points)
Replied 20 June 2024

All 30 staff don't have an account ?? How is it possible ?? If it's really not , it is better to ask to open an account in any bank, nowadays very rare people, especially in our country, that don't have any account. It could be better for you as well your staff also.

2 Like