journal entry
This query is : Resolved
DEVENDER THAKUR
(Querist)
30 June 2010
Hi Sir,
IF WE PURCHASE FUEL FOR THE GENERATOR BEING USED AT THE OFFICE PREMISES AS ELECTRIC EQUIPMENT, THEN WHICH A/C WILL BE DEBITED.
IF WE PURCHASE FUEL FOR THE GENERATOR BEING USED AT THE OFFICE PREMISES AS ELECTRIC EQUIPMENT, THEN WHICH A/C WILL BE DEBITED.
Shudhanshu Agrawal
(Expert)
30 June 2010
Diesel Expenses A/c Dr.
To Cash/Bank A/c
To Cash/Bank A/c
30 June 2010
FUEL CHARGES (INDIRECT EXP) A/C DR.
TO BANK/CASH/PARTY.
TO BANK/CASH/PARTY.
30 June 2010
YOU NEED NOT TO OPEN SEPRATE ACCOUNT FOR FUEL. WHETHER YOU HAVE FACTORY AND OFFICE PREMISES SEPARTELY. THEN
YOU CAN DEBIT IT POWER & FUEL EXP A/C
(INDIRECT EXPESES) or if you have open seprate a/c for generator, then Generator Running & Maintainance a/c (indirect Exp).
But it is better to shown in Direct Expense,there is no need to bifurcate expenses used at office level or factory level.
YOU CAN DEBIT IT POWER & FUEL EXP A/C
(INDIRECT EXPESES) or if you have open seprate a/c for generator, then Generator Running & Maintainance a/c (indirect Exp).
But it is better to shown in Direct Expense,there is no need to bifurcate expenses used at office level or factory level.
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DEVENDER THAKUR
(Querist)
30 June 2010
thanks a lot sir.
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