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Categories >> Accounting >> Accounting General
 
 


 

 
 Audit interview questions  Audit Interview Questions (427)
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 Accounting General interview questions  Accounting General Interview Questions (2809)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4359)
Question
distribution of gift in diwali to employee & buyer!!
what's suitable expences head.


 Question Submitted By :: Accounting-General
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
This transaction expences head for employees is Staff
welfare and for buyer sales promotion.
 
Is This Answer Correct ?    17 Yes 2 No
Amit.erp
 
Answer
# 2
The expenses head should be Staff welfare for employye &
Business promotion for buyer.
 
Is This Answer Correct ?    5 Yes 1 No
Anand Soni (bcpl)
 
 
 
Answer
# 3
In FBT Regime it was Festival Expenses. can post it as
Diwali expenses too .
 
Is This Answer Correct ?    2 Yes 0 No
Arvind
 
Answer
# 4
If we are dustributing gifts in staff than it should come
under staff welfare & in case of buyer, it shoul under BP
i.e. business promotion.
 
Is This Answer Correct ?    1 Yes 0 No
Anand Soni
 
Answer
# 5
This is under head on General Expenses only.
Staff and welfare is only for staff.
 
Is This Answer Correct ?    1 Yes 0 No
Anoop.m
 
Answer
# 6
we can called it as Gift & Periodical under indirect expenses in tally 
Is This Answer Correct ?    0 Yes 2 No
Ali
 

 
 
 
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