electricity expenses
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 September 2010
in which account shold amount paid for new connection of electricity & amt paid for load increase be accounted ?
Are these admissible expenses?
Are these admissible expenses?
15 September 2010
These all will go under electricity expenses itself, there should not be any separate categorization for this.
Message likes :
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CA. Praveen Narayan
(Expert)
15 September 2010
Yes, they are allowable expenses as electricity expense incurred for the purpose business..
If they are not refundable, it shd b treatd as revenue expns and if it s refundable, treat it as asset..
If they are not refundable, it shd b treatd as revenue expns and if it s refundable, treat it as asset..
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