AA-48A-Record Expenses by Single Account Head Wise Or Supplier/Vendor Wise

My Videos (Accounts Officer ) (532 Points)

11 February 2024  

All Respected Members,

Hope all of you are doing well with good health. 

Please educate me on following:

How should we record expenses ? In single account head or in each supplier/Vendor account ?

For Example: we take repairing and maintenance services more than 1 supplier/vendor during a year. So. Should we record these expenses entries in single account head like "repairing and maintenance expense account" or should we make each supplier/vendor account under group of repairing and maintenance account and then record entries in related supplier/vendor account ?

Thanks in advance for your precious time and efforts to reply this query.