Inauguration expense game center

On your inaugauration, if someone performs for free, its nothing. You  dont have to record it not until you have tax consequence. Next query, reporting is the same for alll sectors and it does report expenses, losses, assets liabilities and equity. But its a differnt analysis in costing and they follow different methods and variables will change in the control acoiunts. 

i didn't understand please explain in detail sir 

happy diwali 

1. No entry in the Books of accounts for services provided free , as per the money measurement concept .

2.Bit of difference like direct expenses , stock in Trade between service industry and Trading and Manufacturing , otherwise Income, expenses, Assets, Liability, Capital are almost same.
( No Direct Expenses / Factory Expenses and Stock in Trade in service industry) .

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