In every company or business expenditures and revenues are common. Expenditures may be for the purpose of business or company activities like electricity charges, purchases, salary etc.
Similarly revenues are sales, interest for deposits etc.
As per accounting principles all the revenues and expenditures have to be accounted for under proper head of accounts.
Proper head of accounts means all the revenues and expenditures have to be accounted for under main head of account and sub-head of account.
The following are some of the main head of account and sub-head of account under administrative expenses.
Main head of account:Administrative Accounts
Sub-head of account: Rent, Rates and Taxes, Electricity charges, Telephones. etc.,
Main head of account:Establishment charges
Sub-head of account: Salary, Allowances, Travelling expenses
Main head of account: Cost of purchases
Sub-head of account: Example: Televisions, Computers, Dish antennas etc.,
Main head of account: Sales.
Sub-head of account: Example:Televisions, Computers, Dish antennas etc.,
All these payments and revenues are recorded in the payment cash book and receipt cash book and taken into General ledger in the respective head of accounts.
Similarly revenues are sales, interest for deposits etc.
As per accounting principles all the revenues and expenditures have to be accounted for under proper head of accounts.
Proper head of accounts means all the revenues and expenditures have to be accounted for under main head of account and sub-head of account.
The following are some of the main head of account and sub-head of account under administrative expenses.
Main head of account:Administrative Accounts
Sub-head of account: Rent, Rates and Taxes, Electricity charges, Telephones. etc.,
Main head of account:Establishment charges
Sub-head of account: Salary, Allowances, Travelling expenses
Main head of account: Cost of purchases
Sub-head of account: Example: Televisions, Computers, Dish antennas etc.,
Main head of account: Sales.
Sub-head of account: Example:Televisions, Computers, Dish antennas etc.,
All these payments and revenues are recorded in the payment cash book and receipt cash book and taken into General ledger in the respective head of accounts.
