Ramdas Buran (Asst Manager Accounts) (72 Points)
02 March 2023Dear CA's,
Please guide me on " We have paid Course Fee of our Director of our Company, Fees has been paid to "Harvard Business School". Under which expense head we need to account this expense.
Please reply
Thanks & Regards
Ram Buran
Ayush
(Executive )
(6760 Points)
Replied 02 March 2023
The course fee paid to Harvard Business School for the education of your company's director can be categorized as a training or development expense for the company.
Or you can also create a separate sub-account under the head "Directors' Fees and Remuneration" to record the expenses related to the education of directors. This sub-account can be labeled as "Directors' Education Expenses" or something similar.
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