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?
Answer Posted / manohar
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 |
Post New Answer View All Answers
how to solved the shares qusionas ?
Expand ________FIPB
what is the difference between f.f.s and c.f.s?
What is Split And buy-back?
wat is the fundamental analysys& technical analasys?and wat is the difference bewween fundamental analysys&technical analasys?
Questions on Purchase Book & sales Book .Balance sheet , Purchase & Sales Return
What is the due date for filing monthly & annual sales tax returns in karanataka
what is capital market and money market? what is primary market and secondary market?
legal accounting methods to reduce profit of a partnership firm so as to reduce the tax liability?
what is mean by ledger
Expand-------NABT
please give me a last 10 years sbi clerk question and answer paper
Erection and Instalation charges of Rs 7500 to Lift was debited to repairs and maintenance account. Rectify it
an amount deducted from the catalog price for an item of merchandise is called?
HOW CALCULATE ADVANCE TAX ? PLEASE EXPLAIN IT ?IN CASE OF FIRM, IF WE PAID FIRST INSTALMENT OF ADVANCE TAX.