Stock audit fee and loan processing charges
This query is : Resolved
20 June 2014
Hi friends
For stock audit purpose, the auditor appointed by bank and bank credited some amount for audit fee.
is it comes under bank charges or required to maintain separate head if any ??????
on more doubt bank credited loan renewal expenditure is it comes under bank charges or if any ?????
For stock audit purpose, the auditor appointed by bank and bank credited some amount for audit fee.
is it comes under bank charges or required to maintain separate head if any ??????
on more doubt bank credited loan renewal expenditure is it comes under bank charges or if any ?????
Nikhil Kaushik
(Expert)
20 June 2014
you can debit both the bank charges. however, if the audit fees is directly paid to the auditor, then park it in audit expenses only
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Rupesh Jain
(Expert)
20 June 2014
audit fee under the bank charges.
and loan renewal charges is also bank charges or loan renewal charges under the bank charges .
and loan renewal charges is also bank charges or loan renewal charges under the bank charges .
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24 June 2014
audit exp will be a better option to be debited.....................
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