Can a company apply cash collected from sales to sporadic business expenses? Why?

In principle, companies cannot use cash collected from sales directly for sporadic business expenses. According to the requirements of accounting policies, enterprises cannot sit on cash and need to manage revenue and expenditure on two lines. In other words, cash collected from sales revenue needs to be deposited in the bank. If ordinary sporadic expenses need to be paid in cash, you can withdraw cash from the bank before paying. Cash collected from sales revenue cannot be used to directly pay sporadic expenses. However, according to relevant regulations, the following units are allowed to make expenditures:

1. Payments made to individuals for purchases by grassroots supply and marketing cooperatives, grain stores, food stores, entrusted stores and other sales and acquisition units;

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2. The post office uses the exchange income to pay personal remittances;

3. The hospital uses the income to refund the patient’s hospitalization deposit, meal expenses and payment of blood transfusion fees;

4. Changes for business operations in restaurants and other service industries;

5. Other units that have special circumstances and require support.

Warm reminder: The above information is for reference only.

Response time: 2021-03-29. For the latest business changes, please refer to the official website of Ping An Bank.

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