Hi sir,
In case of COA, Client is not giving money to the Employees? So why we Need to maintain 8 & 581.
For Ex: -
If it is HRA---> In 0008- Maintaining Employee receiving amount.
In 581- Maintaining Rent paid by an Employee.
If it is CLA---> In 0008- Maintaining Employee eligibility amount.
In 581- Maintaining Rent paid by the client.
So like this what we are maintaining for COA?
Pls help me.
Thank you in advance...
Regards,
Nageswararao M.