Menu
Accounting procedure for Colleges
I want to know the accounting procedure for private colleges providing degree courses like B.A., B.SC., B.COM. Whether they will prepare Profit & Loss A/C or whether they will prepare Income & Expenditure A/C. The college is run by a trustee board. Kindly help.
Replies (2)
It will be an income & expenditure account
College is Non Profit organisation and it is formed under Trust hence it need to prepare income and expenditure account, receipt and payment account
Recent Threads
- Section 44AB is Gone — How Different is Tax
- Capital Gains from Cancelled Residential Project
- Import of goods data in IMS
- GSTr 9 24-25
- Change HSN
- TDS ISSUE ( DIFFERENT SECTION )
- Company strike off with loan waiver accounting iss
- Board resolution for authorization for GST
- Invoice related audit
- Gst input credit related
Related Threads
CAclubindia
