Accounting of lumminous electric goods service station

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gautam (Querist)
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19 April 2013 Dear sir
I have a client
He is the authorised for service of luminous electrical goods like fan etc. He is recevied spare parts from the company. Not for sale only for customer goods service and spare part replacement. He is recevied 3000 pm from comany for office maintainence but not actually recevied company adjust against spare parts bill value . That amt paid for ist purchase only. After that which spare part replaced by our client. That part reimburesed by the company toour client. That procedure follow the no. Of years.so now tell me the accounting entries step by step. Thankyou in advance. How the purchase entry will be entered and after that reimburse ment entry. Parts remibursed on challan not on invoice

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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03 June 2013 The company will raise the bills for spare parts and charge the VAT and as no bill is raised for services rendered during guarantee period so no ST

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Accounting of lumminous electric goods service station

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