31 May 2016
Sir , i have a school and want to open another school by investing 1 crore
I have 2 crore from school cash book.
How to show the entry in school book for open another school
Please give us your precious suggestion
31 May 2016
you can invest the in new school for that you are taking the bill of purchase and make payment through the bank, its better for you to justify the this amount.
31 May 2016
For new school there was many expensess like land, construction, furnitures and fixtures so how to pass entry and how to take cash from old school and what entry will be passed in old school
16 October 2021
You need to consult a Local CA to ascertain the capital amount lying with the school, its taxability, and the eligibility as per deed to expend the amount in new project.
CAclubindia
