Office car rent

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When renting an office car on a monthly basis, a key accounting question arises: which expense head should be used? The discussion centres on whether to categorise this cost under 'Vehicle Rent' or 'Operating Expenses'. This decision impacts how the company's financial statements are presented.

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(Querist)
12 March 2025 We have take office car on rent on monthly basis then in which head of expenses we have to booked?
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
12 March 2025 'Vehicle Rent' or 'Operating expenses'..
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
04 October 2025 Good luck...
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