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TREASURY CODE VOL- II FORM M.P.T.C. 55 See Subsidiary Rule 488 Treasury Remittance Book Date of Remittance Amount in figures Rupees FORM PTC 55 Amount in words Rupees P. Signature of Accountant and

How to fill out remittance book form

How to fill out remittance book:

1. Start by writing the date of the transaction in the designated space.
2. Write the name of the recipient or payee.
3. Enter the amount of money being remitted.
4. Indicate the purpose or reason for the remittance, such as payment for goods or services.
5. If applicable, include any reference or invoice numbers related to the transaction.
6. Sign the remittance book to confirm that the entry is accurate and complete.

Who needs a remittance book:

1. Individuals or businesses that frequently make payments or remittances to others.
2. Companies that need a record of their outgoing payments for accounting or tax purposes.
3. Non-profit organizations that receive donations or payments and need a record of those transactions.

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What is remittance book?

A remittance book is a record-keeping document used to track payments sent to an organization or individual, particularly for the purpose of accounting for funds received and ensuring proper documentation of transactions.

Who is required to file remittance book?

Individuals or entities such as businesses, charities, and organizations that make or receive remittances or payments are typically required to maintain a remittance book for financial transparency and accountability.

How to fill out remittance book?

To fill out a remittance book, one should enter the date of the transaction, the name of the remitter, the amount sent, the method of payment, any reference numbers, and details regarding the purpose of the remittance.

What is the purpose of remittance book?

The purpose of a remittance book is to maintain accurate records of all remittances made and received, facilitate financial auditing, and ensure compliance with regulatory requirements.

What information must be reported on remittance book?

The information that must be reported on a remittance book includes the date of the payment, remitter's name, recipient's details, amount, payment method, transaction reference numbers, and the reason for the remittance.