How these expenses could be acccounted in the company's books of accounts
This query is : Resolved
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29 June 2024
Dear Experts,
1 A company is remitting the settlement amount to the defendant as directed by Court.
2 How these expenses could be acccounted in the company's books of accounts?
1 A company is remitting the settlement amount to the defendant as directed by Court.
2 How these expenses could be acccounted in the company's books of accounts?
CA R SEETHARAMAN
(Expert)
29 June 2024
In case of employees account it under remuneration head.
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01 July 2024
Thank you Sir,
this is the situation that one of customer has lodged the complaint with consumer forum.
In this situation how it can be accounted?
Please clarify
this is the situation that one of customer has lodged the complaint with consumer forum.
In this situation how it can be accounted?
Please clarify
CA R SEETHARAMAN
(Expert)
01 July 2024
Account it as compensation to the customer.
It will be allowed as business expenditure.
It will be allowed as business expenditure.
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