accting treatment of building fund paid by an financing ente
This query is : Resolved
18 March 2008
what is the accounting treatment for building fund paid by an financial enterprise carrying on the business of lending money to its association and also the membership fee paid to become a member of the association ?
18 March 2008
please send in your suggestions to
srinivasanupama@gmail.com
srinivasanupama@gmail.com
18 March 2008
please send in your suggestions to
srinivasanupama@gmail.com
srinivasanupama@gmail.com
19 March 2008
Is the amount paid in the nature of donation or loan?
19 March 2008
1.The amount is paid by the financial enterprise to its association as building fund.
2. Membership fee has been paid is paid by the financial enterprise to its association
2. Membership fee has been paid is paid by the financial enterprise to its association
27 May 2008
fund :if donation then expensed in P&L
if loan, show in b.s.
fees : expensed in P&L
if loan, show in b.s.
fees : expensed in P&L
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