Expense of party

expense of party on the occasion of completion of 10yr of firm is recorded in which account and what is the title name for it
Replies (5)
Quick Summary
When celebrating a firm's 10-year milestone, the expense of a party needs careful accounting. While often considered miscellaneous, larger sums may be better allocated to Staff and Welfare Expenses or a general Business Expense account, especially if clients are invited. The key is to choose an account that accurately reflects the nature and scale of the expenditure.

Record Under Miscellaneous Expenses
But miscellaneous expenses carry all those expenses which are smaller in amount and party expense is a large expense
If the amt is bigger u can also charged under Staff and Welfare Expenses head
What if this party is for all staff, owner and customer/client under which head it will be recorded ??
If the amount is bigger charge it under business expense head.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

View Details
Company
17 September 2026
Chartered Accountant

Dass Gupta & Associates

Gurgaon

CA

View Details
Company
12 October 2026
Chartered Accountant - Internal Audit

HKC | Chartered Accountants & Business Advisors

Ludhiana

CA

View Details
Company
26 September 2026
Chartered Accountant

pushpganga ventures

Pune

CA

View Details
Company
ARTICLESHIP 30 September 2026
CA Article Assistant

CA Suraj Garg & Associates

New Delhi

CA Final

View Details
Company
ARTICLESHIP 21 September 2026
CA Article Assistant

KK & Company Chartered Accountant

Pune

CA Inter

View Details
Company
15 September 2026
Client-site CA associate

Aditya Muley and Co

Mumbai

CA

View Details
Company
ARTICLESHIP 18 September 2026
Industrial Trainee

Twenty Point Nine Five Ventures Private Limited

Noida

CA Inter

View Details