Showroom making expences
This query is : Resolved
Faisal KhAN
(Querist)
07 November 2018
Hi,
I start my office and for renovation I have paid for electric fitting, paint, cctv and celling exp. I want to know under which head I should make a entry in tally for these expenses.
I start my office and for renovation I have paid for electric fitting, paint, cctv and celling exp. I want to know under which head I should make a entry in tally for these expenses.
Rajnish Singh
(Expert)
08 November 2018
if office is your own than renovation you can capitalized under electrical equipment and building.
Faisal KhAN
(Querist)
10 November 2018
Building in on rent and the space is around 700 sq. feet.
Faisal KhAN
(Querist)
10 November 2018
ok, and under the same head as Rajnish Sir mentioned.
10 November 2018
(under the same head as Rajnish Sir mentioned.)
What you mean...?
What you mean...?
Faisal KhAN
(Querist)
10 November 2018
My real question was:
I start my office(it's on rent) and for renovation I have paid for electric fitting, paint, cctv and celling exp. I want to know under which heads I should make a entry in tally for these expenses.
I start my office(it's on rent) and for renovation I have paid for electric fitting, paint, cctv and celling exp. I want to know under which heads I should make a entry in tally for these expenses.
10 November 2018
You can Book it under "Fixed Assets Head" or "Repairs & Maintenance"
Message likes :
1 times
Rajnish Singh
(Expert)
10 November 2018
Dear Faishal,
Seggrigate like this....All the expenses made on renovation of building is your expense and book this under repair & maint.
All the electrical item expenses like cctv, fans, lcd, ac, cooler , exhust will be capitalized under fixed assets sub head electrical equipment or office equipment.
Seggrigate like this....All the expenses made on renovation of building is your expense and book this under repair & maint.
All the electrical item expenses like cctv, fans, lcd, ac, cooler , exhust will be capitalized under fixed assets sub head electrical equipment or office equipment.
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
- Gst credit note by supplier
- Movement of goods by packers and movers - type of sale - Reg.
- GST on reimbursement of expenses
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Missed uploading GST Invoice
- Query on effect of registration of property
- Gratuity paid to legal heir above 20 lakh is taxable or not
- Wrong CMPo8 file
- Equity Share Sale and Purchase
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
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
