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Categories >> Accounting >> Accounting General
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
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 Taxation interview questions  Taxation Interview Questions (1900)
 Accounting General interview questions  Accounting General Interview Questions (2813)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4364)
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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