Accounts

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riddhi (Querist)
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24 January 2014 I have one doubt

what will be the accounting treatment for classes done by two employees for which the fees are paid by the company and the company has paid penalty to microsoft for license issue. both the things will go in which head? one effect will be through bank as it was paid by cheque.

Guest

Guest (Expert)

24 January 2014 pass the entry in the staff welfare account for employee fees pain.and about penalty capitalize the head which u earlier debited for the license issue.

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