Festival Allowance

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Student CA CPT
41 Points Posted on 14 July 2020
How should Festival Allowance to Directors of conpany be shown in financial statements?
what would be the appropriate classification?
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On 14 July 2020 at 18:27 Report
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51 Points Posted on 14 July 2020
It should be recognized as an employee benefits and hence under the employee benefits head in the PL
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On 14 July 2020 at 22:56

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