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Which account head to input purchase of Perfume pot in the Beauty SPA Financial process

hlahla moe (1 Points)

12 August 2024

Dear All,

Please help me. and explan about account head.

I don't know how to input account head , cost of purchase perfume pot in to the Beauty SPA Financial Statement.

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3 Replies

sabyasachi mukherjee (27574 Points)
Replied 13 August 2024

This is a variable expenditure.
Cost will be absorbed by the particular cost centre

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RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 13 August 2024

- You can simply account in the purchase head...

otherwise account like

If it's sale to customer then account like trading...

if it's used for SPA and skin care activities then account like consumable...

D G Bhaskar (2 Points)
Replied 31 August 2024

This categorization helps in tracking the expenses related to the operational needs of the spa, ensuring that they are accounted for properly in financial statements. If the perfume pot is a higher-value item meant to be used over a longer period, it might also be categorized under "Equipment" or "Assets" depending on the spa's accounting policies.