Accounts entry
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 April 2017
Dear Sir/Madam,
if cement is given to make a temple to a club (The said club is not under 80g ) as a donation then what is the procedure to show in accounts?
if cement is given to make a temple to a club (The said club is not under 80g ) as a donation then what is the procedure to show in accounts?
19 April 2017
It will be a disallowed Expense in Income tax, if you want to take in books of accounts then book expense and if cement is your stock than credit Purchase/Stock
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