Petty Cash Expenses in Construction c+ contract should be recorded as cost at the time of payment or at time of receiving the supporting documents?

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shanavas pulath
09-April-2015

Petty Cash Cash Flow

Question added by Muhammad jamshaid FCCA CFC CFE , Project Financial Controller supervisor , Saudi Telecom Company ( STCS )
Date Posted: 2016/09/26

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5 Answers

arman cochangco

by arman cochangco , Administrative Assistant/Project Coordinator , Joint Start Inmternational

at the time receiving of supporting doument

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by MUHAMMED MALIK , Senior Financial Accountant , Araqah Investment Group.

At time of payment it is treated as advance payment, at the time of receiving the supporting document cost has been charged to project.

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Muhammad Saqib Sharif

by Muhammad Saqib Sharif , ACCOUNTANT , VIVA GROUP OF COMPANIES

COST RECORDED AT TIME OF RECEIVING THE SUPPORTING DOCUMENTS.

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shireen chirakkal

by shireen chirakkal , Accounts Manager , Sparrow Shopping Pvt ltd

recorded at the time of receiving supporting documents.

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Khalid Mohammed Ahmed Abdulgadir

by Khalid Mohammed Ahmed Abdulgadir , Accountant , Al-Delaimi Holding co.

Petty cash cost recorded at time of receiving the supporting documents

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