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Q: Is pan compulsory for cash withdrawal OVER 50000?
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Related questions

Do the PAN required for withdrawal of cash Rs.50000 or above from Bank?

yes


Which accounts are involved in the following enteries Dixon opened a bank account in the name of the business by depositing 50000 cash which he had saved over a number for years?

[Debit] Bank Account 50000 [Credit]Cash Account 50000 Bank account as well as cash accounts are involved in this transaction.


What is journal entry for started business with cash 50000?

debit cash 50000credit capital 50000


What is the maximum amt withdrawal limit from an ATM?

You can usually withdraw any amount up to the balance in your account. You can do this by just visiting your bank branch and submitting a withdrawal request. But, if you are using an ATM, there are daily withdrawal and cash dispensing limits and hence the amount you can get might be limited to your bank balance or the daily withdrawal limit. Usually this withdrawal limit is Rs. 25000 or Rs. 50000 depending on the bank and your account type.


What is cash withdrawal?

withdraw cash is when you are taking out money dah


What is the maximum amount of cash in an ATM?

50000


What is a journal entry for opened a bank account and deposit 50000?

Debit bank account 50000Credit cash 50000


Owners withdrawal may be classified as?

uses of cash


You owe 50000 can you surrender cash value on your life ins?

You owe 50000 you can surrender the cash value of your life insurance. This may result in federal and state income taxes where applicable.


On the Natwest bank statement what does the abbreviation CL stand for?

Cash line (cash machine withdrawal)


What is the journal entry for cash in hand 50000 and bank deposit 30000 for opening a business firm?

cash a/c dr 50000 bank a/c dr 30000 TO CAPITAL a/c 80000


What is the difference between ATM fast cash and withdrawal?

Fast cash is getting money for a specified amount under options 20, 60 , 100, 500, whereas Withdrawal is entering a specified amount for which you receive cash.