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Gift to Employees of Companies

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(Querist)
25 February 2020 Dear Sir,

From our Company we are paying 25000 amt to one of our Employee as a gift to his marriage. How to pass entry for this ?

Thanks
Bharath
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Amol S Joglekar

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Amol S Joglekar (Expert)
25 February 2020 debit gift and donations
credit bank/cash (as the case may be)

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