journal entry
This query is : Resolved
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.
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.
Message likes :
1 times
30 June 2010
thanks a lot sir.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- DELIVERY GOLD & SILVER AND OTHER ETF TRADING PROFIT AS BUSINESS INCOME
- Clubbing of Income - Minor
- Regarding Individuals Retuned to India and Resident currently
- Excess salary payment.
- Provision for loans that are under Revenue Recovery
- GSTR-1A How to update Invoice
- ERROR IN DEPRECIATION CALCULATION IN PREVIOUS YEAR COMPANY'S BOOKS
- Form 121-contradictory opinions
- 3cd- cash system of accounting is allowed?
- APPLICABILITYOF GST ON STUDENT HOSTEL FEES
- SFT Cash Deposit in Current Account
- Clarification on TDS Applicability on Software Renewal Payments
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
