Accounting entry
Querist : Anonymous
We have recruited one of employee for Rs 1 Lacs and nature of employment is as consultant
Break up is Rs 75 K towards professional fee, 25 K towards Rent free accommodation.
Now as a 25 K should i account under Rent expenses or Professional fees.
Please confirm the complete accounting entries
Querist : Anonymous
My question should that part will come under the profession fee or rent expenses in employer books of accounts
Querist : Anonymous
Sorry for confusion.
Company has recruited as consultant.
With break up remuneration as 75 K as professional fee and 25 K as Rent free accommodation. Professional fee will be paid to consultant and rent will be paid to land lord.
My question is is company should so 25 K as rent or professional fee
Regards
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