Journal entry
This query is : Resolved
06 January 2012
Please suggest the journal entry for the following :
A charitable hospital spent amount of INR 32000/- for making a big wall photo of the founder of the hospital.
A charitable hospital spent amount of INR 32000/- for making a big wall photo of the founder of the hospital.
06 January 2012
As per Income Tax matter is concerned, it is allowable expenditure u/s 36(l)(iii)] (vi) and coming to its accounting perspactive, it can be charged to General Exps Account.
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