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    What Is The Cash Limit For Inventory?

    2010/11/13 11:28:00 44

    Restriction Of Cash On Hand

    The cash limit refers to the maximum amount of cash allowed to be retained in accordance with the regulations in order to ensure the daily sporadic payment of the enterprise.

    The approved quota is usually based on the normal daily expenditure of the enterprise for 3-5 days.

    Enterprises far away from banking institutions or with inconvenient pportation can be relaxed according to circumstances, but the maximum is not more than 15 days.

    The bank may impose a fine according to the seriousness of the case if the account opening unit exceeds the approved stock limit and keeps cash.


    According to the "Interim Provisions on cash management" issued by the State Council, the business of paying cash in daily work mainly includes:


    (1) payment of wages and various wage allowances; payment of personal services; payment of personal bonus; payment of all kinds of labor insurance, welfare expenses and other cash payments to individuals stipulated by the state.


    (2) purchasing units purchase agricultural and agricultural products from individuals.

    product

    When paid for other materials.

    cash


    (3) the travel expenses that the unit must lend to the traveling personnel must be carried.


    (4) sporadic expenses below the starting point of settlement.


    (5) the people's Bank of China determines the need to pay cash.

    Other

    Expenditure.

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    Read the next article

    How Can A Teller Withdraw Cash From A Bank?

    When a unit needs to pay wages in cash or its inventory cash is less than the stock limit, cash can be drawn from the bank according to the regulations except for the provision of non business cash receipts according to the regulations and the state regulations.

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