What are the advantages of routing expenses through party accounts.
What can be the demerits if payments are made by directly debiting the expense.
Menu
Routing of expenses through party accounts than direct paymn
Replies (1)
1. Ledger confirmations
2. Multiple classification of expense for same party and same goods.
3. Accrual basis will not be followed.
4. Difficult to conduct applicability of Tds to party.
5. Narration will play a big role and could also be used to confuse auditors.
2. Multiple classification of expense for same party and same goods.
3. Accrual basis will not be followed.
4. Difficult to conduct applicability of Tds to party.
5. Narration will play a big role and could also be used to confuse auditors.
Recent Topic
- NRI JUST RETURNED TO INDIA BUT HAVING SOME MONTH O
- LTCG should i pay or amc pay?
- Delay Condonation Order Not Received
- Input on Property Dealer Commission paid
- Caliber Mining & Logistics IPO Allotment Date,
- Single form 121 for mutiple interest income from B
- Reabte 87A new regeim for FY 2025-26 (AY2026-27)
- OTP ENTERED BUT NOT PROCESS THE RETURN
- Form 16 Includes Salary Recovered Towards Notice P
- Altera INTC
Related Topics
CAclubindia
