Go AD-Free with CAclubindia Pro and Daily Mobile Updates. Subscribe Now!

AA-36- Journal Entry for Stamp Paper

My Videos (Accounts Officer ) (717 Points)

04 October 2023

All Respected Members,

please educate me that what will be journal entry for following:

1-Purchasing stamp paper for agreement of a project with client.

2-Attestation fee of above said stamp paper.

3-Agreement content printing on stamp paper charges.

Thanks in advance for your precious time and efforts to reply this queries.

Reply
Follow
Share

11 Replies

RAJA P M ("Do the Right Thing...!!!") (128106 Points)
Replied 05 October 2023

All the three....
Dr. Ledger (Name of Project) A/c - XXXX
Cr. Cash /Bank A/c - XXXX

(Give suitable Narration with details)

My Videos (Accounts Officer ) (717 Points)
Replied 05 October 2023

Dear Raja PM,

Thanks for your reply.

please confirm project name ledger will go under indirect expense ?

RAJA P M ("Do the Right Thing...!!!") (128106 Points)
Replied 06 October 2023

This is based on the project...

So, details of the project...

My Videos (Accounts Officer ) (717 Points)
Replied 07 October 2023

Dear Raja PM Sir,

Thanks for your reply but I couldn't get.

I want to know that this project ledger will under go to indirect expense?

RAJA P M ("Do the Right Thing...!!!") (128106 Points)
Replied 07 October 2023

Hello Sir,

Still you didn't say what is the project...
Then How can I/We assume the nature of project

My Videos (Accounts Officer ) (717 Points)
Replied 08 October 2023

Dear Raja PM Sir,

Actually, we have to provide NDA (Non Disclosure Agreement) to client on stamp paper.

as far as project is concerned, we will provide technical consultancy.

RAJA P M ("Do the Right Thing...!!!") (128106 Points)
Replied 08 October 2023

Okay You can Book it under indirect Expenses

My Videos (Accounts Officer ) (717 Points)
Replied 08 October 2023

Dear Raja PM Sir,

Thanks to educate.

My Videos (Accounts Officer ) (717 Points)
Replied 08 October 2023

Dear Raja PM Sir,

I really appreciate you if you help me one more following matter:

Please educate me do partner salary go under indirect expense and its blue should less from gross profit or it should be less after taxation profit value ?

Further, if you used accounting software in which account group p&l appropriation account should be made ?