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Refreshments expenses

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Atharv Sankliya

1359 Points Posted on 08 October 2022

1- does refreshments expenses include water bottle cost??
2- does refreshments expenses include the refreshments product given to proprietor or this is debited to drawing a/c

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Quick Summary

This discussion clarifies the accounting treatment for refreshments expenses. It questions whether the cost of water bottles should be included and if refreshments provided to a proprietor should be debited to the drawings account or treated as an expense.