Treatment

This query is : Resolved

Mansoori M. Zubair M.salim (Querist)
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02 May 2014 Hello 1)i want to know that if trustee gives an amount for opening of bank account what is the treatment in tally. 2)whether the land redevelopement money of wakfs board received is an income and what is ita treatment.

Rupesh Jain

Rupesh Jain (Expert)
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02 May 2014 you can open a a/c of trustee

new bank a/c dr

to Imprest a/c trustee a/c CR

then you give money then DR. the a/c of imprest a/c trustee

and
land development money take as fund and exp. of land development make out of this fund.

this fund is not your income .