Ledger
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 August 2011
Dear Experts
Under which head(Ledger) we have to create Entry Tax Paid on Capital good
Cash paid towards travelling exp Rs 6000/- without any supporting bill is allowable.
Please clarify
Under which head(Ledger) we have to create Entry Tax Paid on Capital good
Cash paid towards travelling exp Rs 6000/- without any supporting bill is allowable.
Please clarify
Preety Parik
(Expert)
16 August 2011
Debit the entry tax paid amount to the capital good account. It is a part of purchase cost of capital good.
All expenses claimed should be supported with proper evidence. Evidence can be in any form whether bill or cash payment voucher. If there is no evidence , deduction can be disallowed.
Debit the entry tax paid amount to the capital good account. It is a part of purchase cost of capital good.
All expenses claimed should be supported with proper evidence. Evidence can be in any form whether bill or cash payment voucher. If there is no evidence , deduction can be disallowed.
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