Flood relief expenditure
This query is : Resolved
13 July 2021
A bearer cheque for Rs. 95000 is issued to an employee of a college for a flood relief programme organised by the institution's teching and non-teaching staff. It is the sum of money they promised to contribute, which would be deducted from their next month's salary. How does the transaction would be recorded in the books of accounts of the college?
13 July 2021
Record it as recoverable advance to employees.
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
- TDS DEMAND.
- 139(4) for ITR-5- audit
- Joint Account Closure
- TDS-Fixed assets
- RCM PAID ON RENT IN RESTAURANT BUSINESS @ GST RATE 5%
- Registartion of trust
- TDS can We Adjust 194C Amount to 194J
- Reversal of unutilized ITC can be paid through ITC
- Mentioned xyz as employer name instead of xyz LLC in ITR
- Regarding Claim of ITC of FY 2020-21
- Ammended B2B invoice not displayed in GST2B
- GST Portal Log In
- TDS OR GST APPLICABLITY
- FORM SPL-02
- Complication in generating GSTR-2B
- Assesee supply services in RCM, above 2 crores turnover, is he applicable to file Gstr9
- Sale of liquidated company
- How to calculate tax as Income & Tax Calculator on e-Filing website is giving wrong results.
- Updation of UDIN for ROC forms AOC-4 and MGT-7
- Invoices not transmitted to ICEGATE because of non-authentication of Aadhaar
Trending Online Classes
-
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Industry Expert14 February 2025 -
Survey, Search and Seizure under Income Tax Act 1961
CA Hari Agarwal
CAclubindia
