27 October 2012
sir, i am employee of a proprietry co. who build a commercial complex in south gujarat,i want to know how to pass a entry of constulting fee like structural consultancy, vat consultant, c.a. ext.,what is head of this expenses.
27 October 2012
The expenses should be debited to P&L a/c under the head of Professional Fees , however if the expenses are directly related to the project it should be debited to the trading a/c.
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