Expense category

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sandeep (Querist)
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21 October 2010 Hi ,
Can anyone pls provide me the list of nature of expenses and their exp category as per Accounting standard.

for e.g. expense incurred for staff outing (Expense category Staff welfare)

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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21 October 2010 No, accounting standard give the list of nature of expenses, based on the nature of expenses, the company need to decide the head of expenses

for more details you can refer Schdule VI of Companies act

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