Accounting treatment
This query is : Resolved
14 September 2010
F.y. 0809 donation is paid of rs 10k. And same added back in computation.in f.y. 0809 out of 10k 5k cheque return. How entry pass in books. And treatment in computation.
15 September 2010
Please mention the treatment you did for donations in the F.Y. 2008-09. Also mention the type of assessee.
16 September 2010
in f.y.0809 donation of rs.10k is added back in computation for that year.& assesee is pvt.ltd.
24 September 2010
Hi Raj, In case of pvt. co., Donation was disallowed and therefore added back in computation. So no treatment is required in computation as it was already disallowed previously.
As far as the return of cheque is concerned, assuming it in the same year, pass a/c entry as :
Bank A/c Dr.
To Donation A/c
If it is returned in the next financial year then it will be prior period item
Regards, CA Shakuntala Chhangani
As far as the return of cheque is concerned, assuming it in the same year, pass a/c entry as :
Bank A/c Dr.
To Donation A/c
If it is returned in the next financial year then it will be prior period item
Regards, CA Shakuntala Chhangani
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Manual Rectification through AO
- IT Return filed defective u/s 139 (9)
- Fixed Deposit Claim Relinquishment by the Nominee
- Defective Return - Tds on advance
- Income Type for interest from government bonds
- Not a CA , can we prepare balance sheet
- TCS ON SOFTWARE SALES
- Is receivable or recoverable same thing
- Bifurcation of prepaid expenses
- What is meaning of cumulative method of interest
- TDS - Form 26QB - Installment - Final payment Query
- ITR 6 Schedule CFL and UD Issues
- Gstr 9 2023-24
- GSTR-9 HSN Summary and Credit Note without item
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
-
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
Mr.Balamurugan Ranganathan15 November 2024
CAclubindia
