what is the nature of expenses of a donation



what is the nature of expenses of a donation..

Answer / raghuvstar@gmail.com

Donation we can claim under section 80G as per Income Tax Act 1961.it will fals under Capital account.

Is This Answer Correct ?    0 Yes 0 No

Post New Answer

More Accounting General Interview Questions

how to account the purchase and sale of fixed assets?

2 Answers  


What is field status variant in SAP FI Module?

1 Answers   IBM,


What is the Meaning of Value Date in Bank Statement ?

1 Answers  


When we purchase Some goods Like ( Machinery's) we want to generate way bill ? Kindly Clarify .... Because recently we are purchased medical Equipment for our hospital use but vendor asking Waybill...Shall i give waybill or not Please let me know..?

1 Answers  


what is the difference between trial balance and the balance sheet.?

1 Answers   CTS,






Dear sir/madam, Want to know entry for closing of sundry creditors account on the end of the year when its accounts shows debit balance, Payment made excess. E.g Invoice rcvd : 100000.00 from XYZ company payment Made: 105000.00 Please suggest best entry for the same

0 Answers  


"Trial Balance is not a comclusive proof of the accuracy of the books of accounts." Explain this statement and describe the errors which are not disclosed inspite of the agreement of trial balance.

0 Answers   Infosys,


Hi All, Can any body Explain the End to End Flow of Product Costing in SAP with Integration Point and Journal Entries Involved in the Flow ?

0 Answers   Wipro,


how many types of errors?

1 Answers   IBM,


bank releted question interviw plz tel me

0 Answers   Shriram,


What is reversing journal entries?

0 Answers  


what is a journal entery of goodwill?

15 Answers   Capital IQ, Genpact, Sujana,


Categories