Vehicle owned/rented purchased fuel for running vehicle used for marketing for business purpose....
Expense on fuel will treated in profit n loss account as a
fuel exp ???
travelling exp ???
Menu
Expense on Deisel/Petrol
Replies (4)
In my view it should be fuel expenses
Under the head 'power and fuel' expenses
No, Diesel used for bikes , cars etc to be accounted under conveyance Expenses. Fuel expense is direct expense used for generator in factory or used for production purpose like Furnace oil to lit up fire etc.
Cars and bikes used for commuting from one place to other so conveyance.
This is my opinion, if some one differs please tell why it cannot be conveyance.
Petrol used for bikes, there is no diesel for bike.
Recent Threads
- December Heat, Beach Plans, and Finding Ways to Co
- Heard & Seen Around – Your Daily Economi
- Gst interest and penalty doubts regarding missing
- Import of goods IMS telated
- ITR 6 submitting Problem
- Partnership Firm Closure Process
- Why the Costing Department Is Important ?
- Difference in efiling portal and intimation order
- Income tax challan correction
- AGM WITH SHORTER NOTICE
Related Threads
CAclubindia
