Educational society
This query is : Resolved
12 September 2012
Dear sir,
How to maintain books of acounts in education society please help on this iam waiting for a satisfying reply.
How to maintain books of acounts in education society please help on this iam waiting for a satisfying reply.
SANYAM ARORA
(Expert)
12 September 2012
Most of the Educational Institutes maintain their Books manually.
Eg : When a transaction occurs, a journal entry is made coinciding with this transaction. Later these transactions are posted from the journal to the ledger, then a trial balance is made to insure that the accounts are accurate and "balance".
Eg : When a transaction occurs, a journal entry is made coinciding with this transaction. Later these transactions are posted from the journal to the ledger, then a trial balance is made to insure that the accounts are accurate and "balance".
SANYAM ARORA
(Expert)
12 September 2012
I have done audits of Many EI's & what i have observed is all of them have maintained their accounts manually.
Entries relating to Expenses & Income are made in the Ledger Register.
Entries relating to Expenses & Income are made in the Ledger Register.
SANYAM ARORA
(Expert)
12 September 2012
For More Info. Refer my article -
https://www.caclubindia.com/articles/audit-of-educational-institutes-ei-s--13879.asp
Or Contact me at -
Sanyam.arora27@gmail.com
https://www.caclubindia.com/articles/audit-of-educational-institutes-ei-s--13879.asp
Or Contact me at -
Sanyam.arora27@gmail.com
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Accounting treatment of AMC alongwith the purchase of Laptop
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Unable to File TDS Q2 Return – New TRACES Portal Error
- EPF ECR NEW RULES Sep 17th 2026
- Transfer of Physical Stock Between Two Proprietorship Concerns
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Taxation of crypto futures in India Fy 2026- 2027
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Issuing of delivery challan by seller of goods
- Nursery business
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Tax on Amount transferred in HUF Account
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
