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Donation of Books to Society

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(Querist)
02 July 2011 Sir one of my client is a Welfare Society, How to pass entry Donation of Books and where does it reflect in Receipts & Payments A/c, Income & Exp A/c and Balance Sheet.

Thanks Sir in Advance
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DEEP SINGH TOMAR

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DEEP SINGH TOMAR (Expert)
02 July 2011 You can make this entry in the books of accounts

Book a/c Dr

to Misc. Income a/c ( income & exp. a/c)

You can treat books as Fixed asset
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