All Respected Members,
Please educate me that if we purchase water bottle for office dispensar, In which account should we record it ? please share account name.
Thanks in advance for your precious time and efforts to reply this query.
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AA-37-Water Bottle Charges-Suitable Account Required
Replies (6)
Quick Summary
Office expensess account and administration cost center
It's may be account in Staff/Labour welfare or Employee benefit expenses or Office Expenses or General expenses or Business Promotion expenses or Water Cherges under Food and Other expenses...
You can define as per usage of the water bottles...
We can think it's just a drinking water. But, Accountability is with nature of consumes...
Good Luck...
You can define as per usage of the water bottles...
We can think it's just a drinking water. But, Accountability is with nature of consumes...
Good Luck...
You can classify it as indirect expense.
Dear Raja PM Sir,
Thanks a lot for detailed and informative reply.
Dear Yasaawi Gomes,
Thanks a lot to reply of query.
As far as indirect expense,are concerned, indirect expense is a group whereas I need to know that iwhat should be the title of that account in which this expense should be recorded ?
Use any of the classificarions from above. You can even put it under utilities. Main thing is classification of direct and indirect costs. After that, some say tgere is tax reluef for repairs and maintenance. In the same way you have to find out if any is applicable here
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