One of our Client runs a dairy farm, he has got 20 members , he has collected 1 lac from each of them
& he dont pay any interest to them, but provides 1 liter of milk daily ,to each of them . how to account for this,
can anybody help.
Neelesh CA Final (student) (77 Points)
22 June 2010One of our Client runs a dairy farm, he has got 20 members , he has collected 1 lac from each of them
& he dont pay any interest to them, but provides 1 liter of milk daily ,to each of them . how to account for this,
can anybody help.
CA AYUSH AGRAWAL
(Kolkata-Pune-Mumbai)
(26986 Points)
Replied 22 June 2010
Dear Nilesh........U R Question Does Not Provide Full Clarification.......
I Want More
(1) Status Of Dairy Farm - Prop/Partnership/Corporate or Other If Any
(2) Weather 1 Lacs Received is Refundable or Non Refundable
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
CAclubindia
