Which expense account to debit

Sonia Shirodkar (Manager Accounts) (15 Points)

29 October 2018

Hi,

We have paid fees for Regularisation of Existing Block and Extension to Govt

Which expense head to debit this

Will debiting to Rates and Taxes will be appropriate?

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3 Replies

RAJA P M ("Do the Right Thing...!!!") (127601 Points)
Replied 29 October 2018

Originally posted by : Sonia Shirodkar

Hi,

We have paid fees for Regularisation of Existing Block and Extension to Govt - What is this process and Business activities...?

Which expense head to debit thisWill debiting to Rates and Taxes will be appropriate? - Please Explain

Sonia Shirodkar (Manager Accounts) (15 Points)
Replied 29 October 2018

This a Educational Trust.

Rama chary Rachakonda (Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294) (3316 Points)
Replied 29 October 2018

Regularisation fee is one time payment. So debit the concern property account.

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