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Accounting Head (Accounts)

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This query is : Resolved



( Author )
30 April 2011

Dear All

I want to know the appropriate accounting head of following expenses:

1) Travelling and Lodging expenses of Company's guests beared by company.

2) We are having a regular expenses of tea in our factory which is being made inside our factory, but many a times when a office staff goes out on official work , they charge lunch expenses, so what should be the appropriate accounting head of both tea and lunch.

Thanking you


Surendra Singh Chouhan

( Expert )
30 April 2011

1. Travelling and lodging exp for staff should be accounted in the head "Travelling and Lodging expenses - Staff"
2. Travelling and lodging exp for guest should be accounted in the head "Travelling and lodging expenses - Others"
3. Tea and lunch expeses for staff should be accounted in the head "Staff Welfare Expenses'...bcz place is irrelevant.


Vivek Raju P

( Expert )
30 April 2011

1. Business promotion expenses
2. Depends on the function and materiality if these are sales people it goes to sales expenses, marketing or procurement based on the function. General allocation may not be good, but dont think it is staff welfare,


PRATIK KAYAL

( Author )
01 May 2011

Thank u Sir


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