It doesn’t matter what you label an expense. Accounting principles and regulations decide what category expenses fall into. That’s a major reason CAs exist, to ensure that your expenses are correctly categorized.
I am not an accountant, but I took 2 years of accounts, and learning to categorize expenses correctly was probably 75% of the classes.
I am not an accountant, but I took 2 years of accounts, and learning to categorize expenses correctly was probably 75% of the classes.