Accounting entry

This query is : Resolved 
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(Querist)
07 February 2014 Plz tell me what entry i and the person giving me money for not carring out business or any specified activity will have to pass...
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
08 February 2014 it will be treated as business income and accordingly you may include it in your revenue account.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
13 February 2014 moreover it will be taxable as business income under business head.
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