I am running a propriotership firm and i am paying 18000/-, salary to my son who is looking after my business as manager, Now please explain me if i paid Tuition fee of my grandsons on behalf of my son and adjusted the same from his salary is it ok as book concern. Please solve my query ASAP.
03 October 2013
Assuming you have an idea how to pass accounting entries for the same, otherwise if you required accounting entries also then i will provide you.
CAclubindia
