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Accounting for Repair & Maintenance

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(Querist)
16 July 2011 Dear All,

Need to confirm if expenses booked under the head Repairs & Maintenance are only for expenditure done on fixed assets owned by the organisation.

Please revert urgently...
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
16 July 2011 can be in respect of any assets used by the company also.
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Nitin

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Nitin (Querist)
16 July 2011 Dear Aditya,
Is it possible that operational expenditure other than expenses on assets is booked under R&M?...



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Aditya Maheshwari

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Aditya Maheshwari (Expert)
16 July 2011 would depend upon the nature of expenses.

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