Lunch to client

Shivani (Learner) (1881 Points)

19 August 2015

dear members

if we take our business client for lunch, then what account shall we open.

regards

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7 Replies

Ashish Jain (.Net Developer) (641 Points)
Replied 19 August 2015

it will be treat as business promotion exp. and u need to open a ledger in your books with the name of business promotion

1 Like

Shivani (Learner) (1881 Points)
Replied 19 August 2015

thank u sir

Shishir Nayak ((Expert)) (369 Points)
Replied 19 August 2015

It has to be treated as business entertainment costs.

Shishir Nayak ((Expert)) (369 Points)
Replied 19 August 2015

Yes @ ashish also correct

1 Like

ssskumar (-) (29 Points)
Replied 20 August 2015

Dear mambers,

Can you please give me examples which come under head Hospitality Expenses/Charges.

Thanks in advance

vishnu bhardwaj (Tax Advocate) (212 Points)
Replied 20 August 2015

BUSINESS CLIENT LUNCH IS EXP. OF SALES PROMOTION EXP.(INDIRECT EXP.) AND HOPITALITY AND MEDICAL EXP. OF STAFF WALFARE EXP(INDIRECT EXP.)

Rahul Verma (CA-Final) (484 Points)
Replied 20 August 2015

U can book expenses in business promotion a/c

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