head of account
This query is : Resolved
K Venkatesh Shenoy
(Querist)
16 May 2011
dear sir
In the case of a trust the main object is to conduct musical concert,they give artist remuneration for their performance in addition to this they gave recording right to a cassette company, in return the trust paid some amount to artist for recording their programme. to which head this expense to be accounted for ?
In the case of a trust the main object is to conduct musical concert,they give artist remuneration for their performance in addition to this they gave recording right to a cassette company, in return the trust paid some amount to artist for recording their programme. to which head this expense to be accounted for ?
U S Sharma
(Expert)
16 May 2011
artist will submit the bill for his professional services, and the payment would be made in "professional services"
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