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Diwali sweets purchased

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Atharv Sankliya

1359 Points Posted on 27 October 2022

a coaching institute give its students sweets on diwali under which head it will be recorded

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Quick Summary

This discussion explores the correct accounting classification for Diwali sweets given to students by a coaching institute. Participants debate whether it should be logged under 'Festival Celebration' or 'Direct Expenses'. The consensus leans towards treating such perks as direct expenses, acknowledging their potential to boost productivity.

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

212441 Points Posted on 27 October 2022

Festival celebration ..... Under direct expenses

Yasaswi Gomes new

Finance

4592 Points Posted on 28 October 2022

Direct expenses? All founders have blind faith on their employees that perks will increase productivity. But it works for many companies it seems. So book mark perks as a direct expense. Txs