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Books of account

This query is : Resolved 

07 May 2014 what are the books of accounts trust is require to keep?

07 May 2014 Journal, Ledger, Cash Book & Bank Book/

07 May 2014 what kind of control accountant shall keep for advance paid for the projects in trust?


07 May 2014 Just book it as advance received. Or received for some capital fund then capitalize it into the same fund A/c.

07 May 2014 How will the accountant record for Grant received of US$25000 in the books of accounts

07 May 2014 Just Book it under Grant received Ledger.

07 May 2014 Is trust required to keep separate account for foreign received?

07 May 2014 It depends on u. If u want u can. Better if u keep. coz it will helpful if any demand or explanation needed from IT dept. regarding the matter.


07 May 2014 when is the tax to be Deducted at source from expenses

07 May 2014 when it crosses the limit mentioned under different sections.

07 May 2014 if accountant fails to deduct at source who would be accountable?

07 May 2014 If TDS is not deducted then it will b paid by the pocket of enterprise. In ur case trust.


07 May 2014 what are legal compliance trust has to do?

08 May 2014 All the primary Books needed as Cash Book , Donation Reciept Book , Expenses Book



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