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accounting for fringebenefit

This query is : Resolved 

16 August 2008 what is journal entry for salary paid to motor car driver which attract fbt. please do clarify

17 August 2008 Assuming that the driver is your employee, the entry is

Salary Dr
To cash/Bank

Here it does not attract FBT

There is no way a salary to the driver to attract FBT. But a perquisit to him can.


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