Accounting Head

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When accounting for expenses related to a partnership firm's rent deed, such as stamp duty and registration fees, these costs should be booked under the 'Indirect expenses' group. Within this group, the specific head to use is 'Licence & fees'. This classification ensures proper financial record-keeping for such expenditures.

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(Querist)
17 January 2020 Respected Experts ! Please guide ,under which head should we book the expenses incured in executing the Rent Deed of a Partnership Firm ??? Like Stamp Duty and Registration Expenses of the Rent Deed
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RAJA P M

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RAJA P M (Expert)
17 January 2020 You book under indirect expense head
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GN Patankar

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GN Patankar (Expert)
01 March 2020 Group Indirect expenses
Head - Licence & fees
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