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Answer Posted / anu varma
A fing benefit is a 'payment' to an employee, but in a
different form to salary or wages.
A fing benefit is a benefit provided in respect of
employment.
Example: A fring benefit may be provided when an employer,
1. Allows an employee to use a work car for provate
purpose.
2. pays an employees GYM membership fee.
3. Gives an employee a cheap loan.
4. Provides entertainment by way of free tickets.
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proprietor pays the hotel expenses of foreign client by his icici bank credit card. and then he pays the credit card bill by canara bank current account. how to pass entries in tally for this secnario
