Donation paid by company / corporation

A/c entries 541 views 1 replies

Hi,

 

Please elaborate the journal entry of donation paid to a registered trust. Is it shows only as an expens or as a current assests(as an income tax rebate u/s 80G).

Replies (1)

Donation paid by company is kind of expense.

 

Donation /A/c...........dr.

      to bank/kind/cash

 

 

 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register