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We paid to service tax Arrea Office 500 Rs as bribe where we put into expences Head
dear friend please dont make any entry related to bribe, because the transaction is illegal exp and does not allowed by any law or Accounting standard. it will be treated as Drawing by the director and treated as personal exp of Director.
dear friend please dont make any entry related to bribe, because the transaction is illegal exp and does not allowed by any law or Accounting standard. it will be treated as Drawing by the director and treated as personal exp of Director.
dear friend please dont make any entry related to bribe, because the transaction is illegal exp and does not allowed by any law or Accounting standard. it will be treated as Drawing by the director and treated as personal exp of Director.
dear friend, if u paid any amount as bribe, u can treat it as a drawings or conveneynce both we can apply that depends on ur size of the company.
We pay those people who make laws.. so it will never be an offence or illegal..yeh hai india
Dear Friends, We can not book any illegal expenses in our books of account. However, we can adjust the same in other accounts head i.e. entertainment exps., conveyance or staff and labour welfare etc
Dear Friend
There will be a code on the name of Miscellaneous / Sundry expenditure. Please make use of the same for booking the expenditure. Further these types of matters can be discussed over phone and in future do not make any entry for illegal dealings.

yes am agree with Bhaskar, it should go to Misc account, there is no account or ledger head for Bribe, that will create a bad image of company
Dear sir,
I think this could not be booked to misc head when the auditing is going there we need to explain to them, when dept people see this type of heads they will ask what are the expenses incurred under this head, there we cant explain or cant convince them so i suggest to book this type of expenditure to conveyance
regards
krishna reddy

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