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Accounts Head

Others 2935 views 9 replies

Dear All,

If a company provide a office Picnic for all of their staff's & their family then all the expenses related to the Picnic comes into the Company Accounts under which head???

Regards

INDRA

Replies (9)

Staff and welfare..

staff welfare or staff entertainment.

Staff welfare  expences

STAFF WELFARE

Hi Indrajit

 

We can debited the Staff Welfare or Staff entertainment head ( Indirect Expenses)

It will come under staff welfare and would be liable to FBT

Thanks a lot

STAFF WELFARE EXPENSE

Debit Staff Entertainment or Welfare account as indirect expenses only


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