Head for a particular exp.
This query is : Resolved
Sumiti Jain
(Querist)
28 August 2013
What is the right head for booking the following expense in the books of accounts:-
A construction company gives a subcontract to complete a project and deduct TDS on the contract basis & make payment. What will be the right name of the expense head for Such payment?
A construction company gives a subcontract to complete a project and deduct TDS on the contract basis & make payment. What will be the right name of the expense head for Such payment?
CMA Ramesh Krishnan
(Expert)
28 August 2013
Incase you are subcontracting your contract, then debit as Work contract expenses under direct expenses
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