Yearly rental fee
This query is : Resolved
05 March 2020
Our company purchased a Paytm Swaipe machine @Rs4236, we have make it fixed asset in FA 2018-19. but after one year they deducted Renal charges of machine as same amount of Rs. 4236 & rental charges will be paid every year, so how do we'll entry and which head we'll put it?
06 March 2020
Charge the payment under rental expenses.
Remove the amount from fixed asset and charge it as rental expenses.
Remove the amount from fixed asset and charge it as rental expenses.
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