Expense
This query is : Resolved
23 August 2011
Dear Sir/Madam,
We Accountants often visit various statutory Departments for various Statutory Jobs. Accordingly we do spend some amount of money over there for getting various jobs done.In which best suitable account head these expenses may be booked-can any one please tell me.
Thanks & Regards,
We Accountants often visit various statutory Departments for various Statutory Jobs. Accordingly we do spend some amount of money over there for getting various jobs done.In which best suitable account head these expenses may be booked-can any one please tell me.
Thanks & Regards,
24 August 2011
General office exp.
or
misc exp.
or
misc exp.
24 August 2011
Mr.Dipen sen, This is a good question but giving of such money is a crime under other laws though u ask for a solution in accounting treatment. Any how it will be disallowed under income tax act... Please avoid giving amounts like this. If the records are correct, they wont ask any money like that.
24 August 2011
Both the experts are correct
25 August 2011
both the experts are correct.....agreed but giving money for work to be done is a crime and give rise to curruption.....
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