A private limited company donated land to trust by gift deed how to account for in books of company?????
Menu
Donation of land by company
Replies (4)
You would need to pass this entry:
Donation A/c........ Dr.
To Land
But then will donation be shown under Indirect Epenses?
Yes. It has to be shown under Indirect Expenses. In the Profit and Loss account, you will show it as Donations in the Operating and other Administrative Expenses schedule
Recent Threads
- SPOM FOR CA FINAL
- Are AI tools like ChatGPT actually useful for CA w
- UK TAX (HMRC) HELP WITH INVESTIGATIONS, DISPUTES,
- Payment processor not transferring or refunding pa
- Form 16 format
- 17(5) Blocked ITC
- Transfer of equity shares to original owner
- Login credentials and payment acknowledgement not
- Export sales not realised payment not received fro
- Capital gain account amount utilisation
Related Threads
CAclubindia
