22 March 2024
Dear Experts, 1 The Stautory audit firm's staff staying in the hotel. 2 The company is remitting the amount to the hotel for their accomodations 3 The hotel raised the invoice in the name of the company. 4 Now how the company can account this expenses under which group? 5 What would be the ledger name for this transactions.
22 March 2024
You can account the expense in Your previous ledger (if any) like 1.Hotel and Accommodation charges, or 2. Business Promotion or 3. General Expenses or 4.any other hotel, food, conveyance ledgers. But, give suitable narration for the said expenses.
CAclubindia
