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accting treatment of building fund paid by an financing ente

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(Querist)
18 March 2008 what is the accounting treatment for building fund paid by an financial enterprise carrying on the business of lending money to its association and also the membership fee paid to become a member of the association ?
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srinivas

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srinivas (Querist)
18 March 2008 please send in your suggestions to

srinivasanupama@gmail.com
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srinivas

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srinivas (Querist)
18 March 2008 please send in your suggestions to

srinivasanupama@gmail.com
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kartik_somu

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kartik_somu (Expert)
19 March 2008 Is the amount paid in the nature of donation or loan?
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srinivas

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srinivas (Querist)
19 March 2008 1.The amount is paid by the financial enterprise to its association as building fund.

2. Membership fee has been paid is paid by the financial enterprise to its association
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CA. Yayati Tyagi

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CA. Yayati Tyagi (Expert)
27 May 2008 fund :if donation then expensed in P&L
if loan, show in b.s.

fees : expensed in P&L

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