Treatment in financial statements
This query is : Resolved
kvardhani167@gmail.com
(Querist)
06 June 2019
An infrastructure company excavated soil in a village and paid the compenastion in the form of donation to temple in that village.How to pass an entry for this?
Amol S Joglekar
(Expert)
06 June 2019
debit excavation charges
credit bank/cash as the case may be
(In narration write the description in detail.......paid to temple as per the resolution of the village committee etc etc)
credit bank/cash as the case may be
(In narration write the description in detail.......paid to temple as per the resolution of the village committee etc etc)
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