Accouting entry
This query is : Resolved
Irfan Khan
(Querist)
02 September 2012
Respected members, if land is given as donation, then what should be accounting treatment. Please reply, its urgent.
02 September 2012
Dear Irfan,
Accounting entry in this case should be as under:
Dr. Land
Cr. Donation
Hope the answer given above will sufice the requirement.
Accounting entry in this case should be as under:
Dr. Land
Cr. Donation
Hope the answer given above will sufice the requirement.
Irfan Khan
(Querist)
02 September 2012
Thanks sir, then donation will be transferred in P&L A/C, is it correct?
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