Acc. Entry

Part - 1

We are a new manufacturing unit.

We have done certain expenses like:

1.  Fees for Pollution Board Certificate

2.  Fees for Electricity connection

3.  Fees for new Phone connection

 

What entry and under which heads should we record for all such expenses.

 

Part -2 

How should be record purchase of Fire Extinguishers Asset or Misc. Expenses?

 

 

Thanks in advance

Replies (3)

fees for Eb and Telelphone for new connection:

I think u had paid some deposits then it ill be shown under asset side under the head loans and advances.

Fire extin. is surly an Asset. and it is not a misc. exdpediture.

Fees for obtaining certificate from pollution board

Its not a deposit, its annual fee

What is the right account for it...?

Misc. Expenses, Estb. Expenses, Fees A/d, Legal & Professional A/c

 

One Time Fee for Electricity connection

Is it Misc. Expense, Estab. Expenses, Fuel & Power A/c, Legal or professional A/c

Fee for pollution board should go to p&l...dont know abt elec. connection..

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