Garage Rent

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Accountant
189 Points Posted on 24 June 2022

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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On 24 June 2022 at 19:43 Report
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Quick Summary
This discussion explores the appropriate ledger head for recording garage rent expenses for a Private Limited company. While one suggestion is to debit it under 'Motor Car Upkeep', another viewpoint argues that the ledger depends on the company's nature. If it's a car maintenance business, 'Motor Car Upkeep' might be suitable, but for other types of companies, a different head may be necessary.

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CFO- at NHTF
58280 Points Posted on 24 June 2022
You can consider it is rent exp
4 Reply
On 24 June 2022 at 20:14
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Chartered Accountant
86505 Points Posted on 24 June 2022
Yes you can show it in Motorcar Upkeep Ledger.
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On 24 June 2022 at 20:53
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3145 Points Posted on 24 June 2022
@ CA Rashmi Gandhi mam I have one doubt?? I inbox
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On 24 June 2022 at 21:00
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Chartered Accountant
86505 Points Posted on 24 June 2022
I will reply you soon
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On 24 June 2022 at 22:27
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Profession
28261 Points Posted on 25 June 2022
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.
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On 25 June 2022 at 06:39
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CFO- at NHTF
58280 Points Posted on 25 June 2022
@ Kallol Sarkar,

Is it the amount collected from customers?

Are you talking about income or exp ?
2 Reply
On 25 June 2022 at 08:03
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Chartered Accountant
86505 Points Posted on 25 June 2022
After replying you are asking clarification
1 Reply
On 25 June 2022 at 10:25
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CFO- at NHTF
58280 Points Posted on 26 June 2022
I still stick on to comment and not making other things
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On 26 June 2022 at 11:08
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Chartered Accountant
86505 Points Posted on 26 June 2022
If you have knowledge than post in one shot
1 Reply
On 26 June 2022 at 12:57

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