Festival expenses

This query is : Resolved

Quick Summary

Diwali festival expenses of a partnership firm can be recorded under Festival Expenses or Diwali Expenses. Some suggest splitting into Entertainment Expenses (for clients) and Employee Welfare Expenses (for staff), depending on the purpose of spending.

survesh

survesh (Querist)
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28 October 2009 Dear Sir,

Our Firm is a Partnership Firm.We Have Expend Rs.17000.00 on Diwali Festival Celebaration with Gifts To Partys & Pooja Celebaration.Our Ac is in Tally pleases say all the Diwali Expenses what Ac should I Debit for Cash.Please guide me for Proper Expense Head.

Thanking

Satpal Singh

Satpal Singh (Expert)
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28 October 2009 Simply Diwali Expenses or Festival celebration Expenses A/c Head

Taranjit Singh

Taranjit Singh (Expert)
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28 October 2009 Agree

chetan soni

chetan soni (Expert)
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29 October 2009 This is business expenses, the proper accounting head will Entertainment Expenses (for the portion spend on clients) & Labour welfare (for the portion spend on employees).

No Need to create the other head of account.

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