Accounting head.

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28 December 2011 Hi all,
I m in Interior Designers Pvt Ltd co. We do Interior Designing for Corporates. for late work at site we give food and tea exp for labour. I want to know that in which head these exp will go??

28 December 2011 You can post the entries to "Staff welfare - food expenses" Account.

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28 December 2011 Ya, i m doing in the said head but my doubt, is there any limit of staff welfare amount in a financial year??

28 December 2011 As such there is no limit. The company can incur any amount of expenditure as long as it is genuine.

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28 December 2011 Thanks a lot!!


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