banner_ad

Interchange of direct and indirect cost

Accounting Entries 435 views 2 replies

Dear All

Is Direct and Indirect Cost Interchage acceptable ? 

Ex : 

Dr.    Transport Cost Others 

Cr.         Accrued Expenses 

(Being Dirvers Salary)

Afterwords cost transfer to 

Dr .  Driver Salary  

Cr.   Transport Cost Others 

Is it affect any law , because it is more than 10 Lakhs 

 

Regards

Mano

 

 

 

Replies (2)

What are you trying to say !

Hi Manoharan,

if this driver is on your company's payroll, then you have to put this as salary exp not transportation cost. Furhter how can it be possible that your accrued drivers salary is 10 lac. for a month. because you should put this on year end only. because I think all 11month exp are correctly known and paid.

 

and also clear here that this driver is for why and what runs?

and why are you transferring it to direct cost from indirect cost.

 

However it does not effect any law

 

 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details