Treatment of Contribution of Fixed Assets from Doner
This query is : Resolved
06 March 2009
A Society Received a New Machinery as Contribtion from Doner Organisation what would be the treatment of it in Receiving Party's Books of Accounts.
06 March 2009
Fixed Assest Account will be debited and Donation received will be credited with the value of asset received in donation.
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
- SEC 54 OF IT ACT
- Is Aadhar PAN linking required for opening bank account?
- Where to show the RCM on Rent paid to unregistered landlord
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Form 26QB for TDS on property
- Partnership Business Can start India (two partners one is Indian and OCI both are wife and Husband)
- Amendment of September 2021 Invoice
- BLOCKED-INELIGIBLE GST CREDIT
- GST Annual Returns filing due date
- Residential status for filling income tax returns in India
- Capital gain consideration
- Issue of gst e invoice
- 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
- Regarding Resignation by Auditor from Pvt. Ltd.
- Regarding einvoice taken on nil rated sales
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
