Can we use used paper for accounts documents
Raj
(Querist) 18 November 2016
This query is : Resolved
Dear Sir,
I do not know what you thing about it after read this Query. But I need Clarification.
Recently one of my friend asked at me.
In a company can we use voucher or IOM ( Inter Office Memo)in ( one side) used paper ( availability of more (one side) used paper)
He argued with me. Any legal provision is there to restricted to do not use one side paper for IOM, Voucher , GRN ( Goods Receipt Note) etc.
I told him that is procedural aspect and will check legal provision for that.
I request you to give any legal provision in this regard it is helpful to me.
S.Raj
Kumar Doab
(Expert) 18 November 2016
IOM; Both sides can be used.
Devajyoti Barman
(Expert) 19 November 2016
It can be used but the reverse must not bear anything which is not related to the print made on another side.
So act accordingly.
Rajendra K Goyal
(Expert) 19 November 2016
Other wise you can put cancelled stamp / wording on reverse matter.
H.M.Patnaik
(Expert) 19 November 2016
Even if there is no standing rule to this effect ,use of used papers(one Side) for the purpose of IOM/ voucher are not adopted normally in established business houses for sake of clarity and presentability to outsider like statutory authority, Auditors, investors etc. .However, small vendors and shop keepers use such papers as of to-day to record business transactions,prepare bills and vouchers.
Raj
(Querist) 22 November 2016
Dear Expert.
Thanks you to all.
Kumar Doab
(Expert) 22 November 2016
You are welcome.
It is good to see that some authors come back to thank the experts.