Non refundable tender fee - urgent
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 October 2012
Dear All,
Please let me know the treatment of non refundable tender fee in books?
Please let me know the treatment of non refundable tender fee in books?
CA. Subhash Dangi
(Expert)
26 October 2012
Non refundable tender fees should be charged off to Profit and Loss Account with appropriate head of account.
Generally non tender fees will be debited to Fees, Rates and Taxes Account.
Generally non tender fees will be debited to Fees, Rates and Taxes Account.
CA.Vinita Gupta
(Expert)
26 October 2012
Charge it as as expenses in pl. Agreed with the above reply
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