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Fees for booking stall for exhibition

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 December 2016 hi,

I have the receipt of Rs.70,000/- paid towards booking a stall for exhibition.how should i account for the same .will it be considered as purchase or an expenses.
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Expert : Anonymous

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Expert : Anonymous (Expert)
03 December 2016 Purchase is normally for goods. The amount is an expense in your hand

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