audit expenses accounting

A/c entries 660 views 2 replies

1)  What is proper name of a/c in which all (statutory)  audit expenes ( Conveyance & Fooding) is debited?

2)  Whether these are accounted on cash basis or accrual basis?

3) If auditing is done say on days 27 march to 10 april, whether there are bifurcated from 27-31march & 1-10april & accounted in respective financial year, irrespective of fact that therse exp. (1-10april) are for previous year?

Replies (2)

REFRESHMENT  EXPENSES

I think it should be bifurcated..


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