accounting for fringebenefit
This query is : Resolved
16 August 2008
what is journal entry for salary paid to motor car driver which attract fbt. please do clarify
17 August 2008
Assuming that the driver is your employee, the entry is
Salary Dr
To cash/Bank
Here it does not attract FBT
There is no way a salary to the driver to attract FBT. But a perquisit to him can.
Salary Dr
To cash/Bank
Here it does not attract FBT
There is no way a salary to the driver to attract FBT. But a perquisit to him can.
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