Please Help: ACCOUNTING OF A SCHOOL
Posted Date : 22-Mar-2012 , 04:26:39 pm | Posted By: ANUJ SHARMA
Category :
Accounts | Answers :
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Comments :
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SIR, I WANS TO KNOW ABOUT ACCOUNTS BOOK OF A SCHOOL WHAT DIFF. BETWEEN A SCHOOL AND MANUFACTURING UNIT ACCOUNTS |
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Answers:
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 Answer by: CA Satuti Mahajan |
| In the case of a school, Income & Expenditure account is maintained but in the case of a manufacturing unit, Profit & Loss account is maintained.
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| Answer by: Rishabh Upadhyay |
| Accounting for school is entirely different from that of a manufacturing concern in terms of applicability of taxes ie excise And sales tax . . More over schools are usually registered as a educational trust. . So provisions of trust will also apply if that is the case. .
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| Comments |
| Posted By : SHIKHA SONI |
24-Mar-2012, 11:24:25 |
| books of manufacturing concern are different from those of educational societies and trust and also depends upon accounting systems maintained by them |
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| Posted By : CA Satuti Mahajan |
22-Mar-2012, 06:46:36 |
| In the case of a school, Income & Expenditure account is maintaine while in a manufacturing account, Profit & Loss account is maintained. |
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