PROVISION FOR MAINTANANCE
This query is : Resolved
17 August 2010
Dear Sir
I HAVE ONE BUILDING PROJECT THAT I FINISHED ON 31/03/08 AND I RECEIVED FULL AMOUNT. BUT I HAVE ONE YEAR MAINTANANCE FOR THE SAME BUILDING. SO AT THE END OF THE YEAR 31/03/08 I KEEP SOME AMOUNT FOR MAINTANANCE . I MAKE ENTRY FOR THAT
BUILDING EXP DR 500,000/-
TO
PROVISION FOR MAINTANANCE 500,000/-
AT THE END OF THE YEAR 31/03/09 MAY BE I HAVE MAINTANANCE EXPENSES 400,000/- OR I HAVE 600,000/-
IF I RECEIVE LESS AMOUNT WHAT IS THE ENTRY ON 31/03/09
IF I RECEIVE MORE AMOUNT WHAT IS THE ENTRY ON 31/03/09
PLEASE HELP ME.
I HAVE ONE BUILDING PROJECT THAT I FINISHED ON 31/03/08 AND I RECEIVED FULL AMOUNT. BUT I HAVE ONE YEAR MAINTANANCE FOR THE SAME BUILDING. SO AT THE END OF THE YEAR 31/03/08 I KEEP SOME AMOUNT FOR MAINTANANCE . I MAKE ENTRY FOR THAT
BUILDING EXP DR 500,000/-
TO
PROVISION FOR MAINTANANCE 500,000/-
AT THE END OF THE YEAR 31/03/09 MAY BE I HAVE MAINTANANCE EXPENSES 400,000/- OR I HAVE 600,000/-
IF I RECEIVE LESS AMOUNT WHAT IS THE ENTRY ON 31/03/09
IF I RECEIVE MORE AMOUNT WHAT IS THE ENTRY ON 31/03/09
PLEASE HELP ME.
22 August 2010
Difference amount what ever need to debit or credit to the maintenance expenses account
Message likes :
1 times
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
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- Sales return eway bill
- TAN for Partnership
- Treatment of Pension ?annuity returns on PMVY
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- Free lancer income
- Last year TDS Claim
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
