MSME Certified Income Tax Live Batch to commence from 25th January 2022. Limited Seats. Register Now!!

taskopad

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Accounting question for sales and salaries

This query is : Resolved 

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.

06 December 2021 1. Single entry can be posted per day.
2. Allowed.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


Similar Resolved Queries


loading





expand_less