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What should be account head of the following

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This query is : Resolved

Ami (Querist)
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31 August 2009 Dear Expert,

Please guide..

In many cases you donot know the account head to be used In a subsidery company ...
1) If expenses are made by director of the company like purchase of Laptop bag, water bottel & his mobile battery etc through his company credit card which account should it be debited to ?

2) DD made for acquiring IEC code which expense should be debited?

3) what is difference between Entertainment expense & Hotel loading & boarding.

4)what is difference between Filing fees & Rates & Taxes

Awaiting your valuable reply
Thanks & Regards
Ami

Kaustuv

Kaustuv (Expert)
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31 August 2009 Dear Ami, this really ultimately depends on the choice of the company concerned. Remember we are always guided by the principle- substance over forms. Any attempt to name the accounts would not be a great effort in this regard.

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