our company given party to employees. this expenditure which
account head booked ?
please tell me

Answer Posted / jayanth

THIS EXPENDITURE IS POSTING UNDER HEAD OF "ENTERTAINMENT &
HOSPITALITY EXP A/C" (ADMINISTRATIVE EXP). IT IS NOT COMES
UNDER STAFF WELFARE A/C, BECAUSE THIS EXP HAS NOT SPENT FOR
WELFARE OF EMPLOYEES.

Is This Answer Correct ?    7 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Tell me what steps would you take to increase revenue for this company?

588


can any body tell me the procedure to learn accountancy with easy tips.i.e., layman accounting policy and rules of debit and credit.

1662


we had company we provide work others they deducted tds how to pass entries in my company please tell me

2768


Is it mandatory for the employees staff of a School, if so give details

1568


what are voucher entries for EPF treatment in tally

1628






What are time sheets? How are they maintained?

616


Tell me how many types of business transactions are there in accounting?

597


I'am accountant working in a trading concern. I wish to become an accountant in a manufacturing/construction company.are there any books available in the market from which I can get an Idea as to how accounts are prepared and maintained for a manufacturing/construction company.

1634


Do you know the term account payable?

611


when the ABC's personal bank to to his business bank money transferred(paid) then how to pass the entry.

1473


What is an interest rate swap

1686


When you prepare Profit and loss A/C either you will get profit or loss but not both.Then why we are saying it as profit AND loss A/C,why cannot we say it is as Profit OR loss account?

1471


What is the networth percentage observe by banks

1576


what do you mean byrecoupment of shortworkings in royalty accounts

3324


Fundamental accounting assumptions are (a) Materiality. (b) Business entity. (c) Going concern. (d) Dual aspect

1432