Expense of party

30 December 2021

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

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Tanuj Chandra Saxenaa (Company Secretary) (7070 Points)
Replied 30 December 2021

Record Under Miscellaneous Expenses

Atharv Sankliya (1306 Points)
Replied 30 December 2021

But miscellaneous expenses carry all those expenses which are smaller in amount and party expense is a large expense

Tanuj Chandra Saxenaa (Company Secretary) (7070 Points)
Replied 30 December 2021

If the amt is bigger u can also charged under Staff and Welfare Expenses head

Atharv Sankliya (1306 Points)
Replied 30 December 2021

What if this party is for all staff, owner and customer/client under which head it will be recorded ??

Tanuj Chandra Saxenaa (Company Secretary) (7070 Points)
Replied 31 December 2021

If the amount is bigger charge it under business expense head.

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