Dear Sir....
Company paid insurance for companies car can we show that under Repairs& Maintance head...?
Rly plz...
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Car insurance
Replies (3)
Better show this under separate heading "Insurance". Not suitable to categorize under "Repairs and Maintenance" head...
| Originally posted by : Bhaskar Unnikrishnan | ||
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Better show this under separate heading "Insurance". Not suitable to categorize under "Repairs and Maintenance" head... |
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agreed
| Originally posted by : CMA Bhaskar Unnikrishnan MBA | ||
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Better show this under separate heading "Insurance". Not suitable to categorize under "Repairs and Maintenance" head... |
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agree...
schedule VI asks to categorise expenses under three heads in Other Expense :-
1) Manufacturing expense
2)Administartive expense
3)Selling & Distribution expenses
thus, show it under Admnstrtv exp.
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