wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

which account will auit fees go in final accounts pand l or balance sheet

Open in App
Solution

Audit fees is counted as an " Administration and Office Management Expense" and thus is shown on the debit side of Profit and Loss Account.


flag
Suggest Corrections
thumbs-up
1
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Profit or Loss Account
ACCOUNTANCY
Watch in App
Join BYJU'S Learning Program
CrossIcon