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Dismissed the watchman after paying him Rs.200 towards his
salary.?
state whether the the following transcation is business
transcation or non business transcation? with reson or
explaination?
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This is a business expense as it incurred in the normal
course of business and it is related to such business.THere
cannot be any other reasoning assuming it is a transaction
of usual nature. however, there could be question on the
treatment of such expenses i.e., as salary or retrenchment
compensation and it will depend on the facts of the case.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / sankeerthana
Hullow my dear Babu before answering your question I would
like to correct a word in all your questions. In your
questions you asked the following.pl correct it as above
in the place of following.Now coming to the answer. You
yourself mentioned the payment made to watchman as salary.
Then you or I should not doubt the expenditure belongs to
business or other. another comment will be the employer may
order the employee to quit the job in two circumstances.
1.If not satisfied with his services
2.In the opinion of removing the catogory. In the above two
circumstances the employee will be paid the balnce salary
or additional amount at the time of removal.
How do you feel my answer, if any comment pl pass it
thru the website or to my
mail.id.sankeerthanaannavaram@yahoo.in
| Is This Answer Correct ? | 0 Yes | 1 No |
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