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Lunch to client

Accounting Entries 2258 views 7 replies

dear members

 

 

if we take our business client for lunch, then what account shall we open.

 

 

regards

Replies (7)

it  will be treat as business promotion exp. and u need to open a ledger in your books with the name of business promotion 

thank u sir

It has to be treated as business entertainment costs.

Yes @ ashish also correct

Dear mambers,

Can you please give me examples which come under head Hospitality Expenses/Charges.

Thanks in advance

BUSINESS CLIENT LUNCH IS EXP. OF SALES PROMOTION EXP.(INDIRECT EXP.) AND HOPITALITY AND MEDICAL EXP.  OF STAFF WALFARE EXP(INDIRECT EXP.)

U can book expenses in business promotion a/c


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