Treatment
This query is : Resolved
02 May 2014
Hello
1)i want to know that if trustee gives an amount for opening of bank account what is the treatment in tally.
2)whether the land redevelopement money of wakfs board received is an income and what is ita treatment.
Rupesh Jain
(Expert)
02 May 2014
you can open a a/c of trustee
new bank a/c dr
to Imprest a/c trustee a/c CR
then you give money then DR. the a/c of imprest a/c trustee
and
land development money take as fund and exp. of land development make out of this fund.
this fund is not your income .
new bank a/c dr
to Imprest a/c trustee a/c CR
then you give money then DR. the a/c of imprest a/c trustee
and
land development money take as fund and exp. of land development make out of this fund.
this fund is not your income .
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