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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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Question added by Muhammad jamshaid FCCA CFC CFE , Project Financial Controller supervisor , Saudi Telecom Company ( STCS )
Date Posted: 2016/09/26
arman cochangco
by arman cochangco , Administrative Assistant/Project Coordinator , Joint Start Inmternational

at the time receiving of supporting doument

MUHAMMED MALIK
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.

Muhammad Saqib Sharif
by Muhammad Saqib Sharif , ACCOUNTANT , VIVA GROUP OF COMPANIES

COST RECORDED AT TIME OF RECEIVING THE SUPPORTING DOCUMENTS. 

 

shireen chirakkal
by shireen chirakkal , Accounts Manager , Sparrow Shopping Pvt ltd

recorded at the time of receiving supporting documents.

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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