06 December 2021
Sir, One of the cloth business composite scheme dealer 1.Sales transactions UPI mode(phone pay and paytam and Google pay) for one day all amounts credited by bank account. 1.sales to customers rs:850/- 2.sales to customers rs:1000/- 3.sales to customers rs:1230/- 2.salaries paid to wife and son rs:5000/- and 6000/- Question: 1.sale transaction amounts total sales single entry or multiple entry accounting passed in books correct procedure. 2.salaries paid to son and wife business expenses claim allowed in it act.
CAclubindia
