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Direct expenses

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11y ago

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What account head can be used in tally for expenses related to electrical work and building repair during setting up office?

Indirect expense...


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For individuals a cheque or current account.


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No, you cannot use a Health Savings Account (HSA) for expenses from previous years. HSAs are meant to be used for current and future qualified medical expenses.


Are prepaid expenses a nominal account?

Prepaid expenses are the part of nominal account expenses which are not used during the current accounting period. They cannot be charged to profit and loss account as per matching concept. They find place in balance sheet and written off in the next accounting period.


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What is the accounting treatement of miscellanous expenses?

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