Expense of party
Atharv Sankliya (1354 Points)
30 December 2021
expense of party on the occasion of completion of 10yr of firm is recorded in which account and what is the title name for it
5 Replies
Tanuj Chandra Saxenaa
(Company Secretary)
(7075 Points)
Replied 30 December 2021
Record Under Miscellaneous Expenses
Atharv Sankliya
(1354 Points)
Replied 30 December 2021
But miscellaneous expenses carry all those expenses which are smaller in amount and party expense is a large expense
Tanuj Chandra Saxenaa
(Company Secretary)
(7075 Points)
Replied 30 December 2021
If the amt is bigger u can also charged under Staff and Welfare Expenses head
Atharv Sankliya
(1354 Points)
Replied 30 December 2021
What if this party is for all staff, owner and customer/client under which head it will be recorded ??
Tanuj Chandra Saxenaa
(Company Secretary)
(7075 Points)
Replied 31 December 2021
If the amount is bigger charge it under business expense head.
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