Account Head

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Accountant
112 Points Posted on 09 January 2020
For Labour Guest House Rent and Electricity Bill Charges under Which Accounts Head? Labour Welfare Expenses (or) Rent and Electricity Charge respectively?
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On 09 January 2020 at 20:23 Report
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Quick Summary
This discussion clarifies the correct account heads for labour guest house rent and electricity bills. While typically posted under 'Rent Paid' and 'Electricity' respectively in financial accounts, they can be treated as indirect overheads in cost accounting, often under 'Administrative Overhead'. The key is to maintain consistent backup for your accounting entries.

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"Do the Right Thing...!!!"
128157 Points Posted on 09 January 2020
Under Indirect Expense as
- RENT PAID (LABOUR ROOM)
- ELECTRICITY (LABOUR ROOM).
2 Reply
On 09 January 2020 at 20:33
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17269 Points Posted on 10 January 2020
Not as Labour welfare expenses
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On 10 January 2020 at 09:52
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Profession
28261 Points Posted on 11 January 2020
In financial accounts..
electricity is generally debited to electricity..

rent under
debited to rent...



In cost accounts

it's an indirect overhead
so
debited to administrative overhead..
backup should be maintained...
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On 11 January 2020 at 08:35

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