Godown repair expenses

Acct. Harsha (Accountant) (139 Points)

05 June 2016

we repaired ceilings & racks of our godown, what would be the entry in tally? Also mention the accounting heads?

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CA Harshal Totla (Chartered Accountant) (2229 Points)
Replied 05 June 2016

As it is a revenue nature expense,
Repair & Maintenance account should be debited and cash/bank account should be credited.

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Acct. Harsha (Accountant) (139 Points)
Replied 06 June 2016

Is Repair & Maintenance account an indirect exps

CA Harshal Totla (Chartered Accountant) (2229 Points)
Replied 06 June 2016

Direct and indirect expenses concept is from costing point of view not accounting.

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