Please tell me the journal entry for 194R if Gold Coin of INR 10000 is given to Dealer for achieving the sales target.
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194R Journal entry in the books of a company
Replies (2)
Quick Summary
Is there any difficult for this entry...??!
I don't know exactly for the difficult...
But,
we can enter it simply as
Dr. Gift Expenses - XXXX
Cr. Bank A/c - XXXX
If You want any other entry then please reply...
I don't know exactly for the difficult...
But,
we can enter it simply as
Dr. Gift Expenses - XXXX
Cr. Bank A/c - XXXX
If You want any other entry then please reply...
Upto 20k no tds.
above entry is correct till 20k crosses to one person.
if gift is above 20k , then deduct tds too.
above entry is correct till 20k crosses to one person.
if gift is above 20k , then deduct tds too.
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