Perquisite
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 November 2011
What is the accounting treatment in the books of company, for any perquisite received by the employee, from the employer ?
e.g. if, company is paying for fuel or car maintenance to employee for partly personal and official use. Then, expense should be booked as salary to employee or conveyance exps. of company ?
please express your views.
e.g. if, company is paying for fuel or car maintenance to employee for partly personal and official use. Then, expense should be booked as salary to employee or conveyance exps. of company ?
please express your views.
25 November 2011
The payment made by the company for any benefit provided by it to its employees will be booked as an expense and not as salary.
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 November 2011
Thank you sir !
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