I want to the head of account to be debited in case the bribe paid to Police in case of Limited compnay?????
abdul basit (Student CA - Final) (41 Points)
26 June 2015I want to the head of account to be debited in case the bribe paid to Police in case of Limited compnay?????
Kumar Gaurav
(Going...to be C.A soon...)
(1624 Points)
Replied 26 June 2015
Yo can not debit the amount paid towards bribe as it is illegal and ill be disallowed accodingly as well
Vikash Kumar Gupta
(None)
(29 Points)
Replied 26 June 2015
Rahul Joshi
(Student CA )
(33 Points)
Replied 26 June 2015
anil jaiswal
(student)
(112 Points)
Replied 26 June 2015
antonov2015
(MBA)
(26 Points)
Replied 26 June 2015
Oh , thank you, I have found that isskal very good that you've found thanks) )
chandra
(student)
(528 Points)
Replied 27 June 2015
What a question1 Has police given you signed vouvher for bribe paid so that you can support your entry in the books of Account?
sharath
(Accountant)
(21 Points)
Replied 01 July 2015
Entry - Will be passed. NO ONE WILL BORNE THIS unless he has a lot of money.
BUt no entry can be passed as there is no proof of payment.
SO ---- it will be passed under anything that comes under miscellaneous expenses.
PS : Bribe paid - 100 rs - Conveyance / Gardening expenses / Misc exp / Travel exp
To, Cash
Bribe paid - 50000 rs - above entry shall be passed 50 times with different denominations.
CAclubindia
