Go Ad-Free on CAclubindia with Daily Mobile Updates. Subscribe Now!

Event Photography Expense

14 May 2024

Dear Experts

We are a Pvt ltd compnay acting as channal partners & distributors fo Mining Equipments & services. We have recently vetured into Mining equipment assembly at our warehouse. For this purpose we carried out photography of the entire assembly process. My question is under which nomenclature these event photography expenses be booked ? These Expenses are meant for our internal training purposes and records

Regards

Shriram Deshpande

Reply
Follow
Share

4 Replies

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 14 May 2024

(Sorry for the delay...)

You can book it' normally as GENERAL EXPENSES.
But, If the value is huge then it is accountable in Asset head.

Otherwise you can prepare separate ledgers as anyone of below:

->> Advertisement
->> Show Case Expenses
->> Research and Development
->> Other Expenses (Photography for Development)

Upgrade to CAclubindia Pro. Subscribe Now!

sabyasachi mukherjee (27574 Points)
Replied 14 May 2024

There is no asset to be installed on behalf of the client in the company.So its generally very pertinent that the equipment are installed and expenses to be booked under seperate reasearch development expenses.