Accounting Head
This query is : Resolved
Quick Summary
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
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
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.
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.
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,
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,
Message likes :
1 times
01 May 2011
Thank u Sir
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS on Consultancy- Non DTAA
- Reopen of assessment proceeding
- Depreciation of fixed assets- coop housing society in mumbai
- EPF FULL & FINAL RULES IN 2026
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Experts need help
- Gift Received from nonblood relative
- Management System (IMS)
- FTS Taxable under 115A
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
