For a Pvt. Ltd. company, under which ledger head Garage Rent is to be debited?
whether it may be debited to Motor Car Upkeep ledger or not.
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Garage Rent
Replies (9)
Quick Summary
You can consider it is rent exp
Yes you can show it in Motorcar Upkeep Ledger.
@ CA Rashmi Gandhi mam I have one doubt?? I inbox
I will reply you soon
Account head and ledger is not dependent on any nature of company. Account nomenclature is dependent not only on other factors. It can't be motor upkeep it depends on nature of the company . If the company is a car maintenance company then it's absolutely fine, otherwise not.
@ Kallol Sarkar,
Is it the amount collected from customers?
Are you talking about income or exp ?
Is it the amount collected from customers?
Are you talking about income or exp ?
After replying you are asking clarification
I still stick on to comment and not making other things
If you have knowledge than post in one shot
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