How to account
This query is : Resolved
05 January 2015
We have purchased cash counting machine for Rs.6200/-. Under which Indirect exp. it can be accoounted. & we have renewed our tally licence for 1month Rs.1850/- Under which expenses it can be accounted.
Please reply
Ashvin
Please reply
Ashvin
05 January 2015
Cash counting machine is a capital expenditure hence it will be debited to 'office equipments' under the head of fixed assets.
Tally license fees can be debited to 'computer expenses' under the head of indirect expenses.
Tally license fees can be debited to 'computer expenses' under the head of indirect expenses.
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