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Godown repair expenses
we repaired ceilings & racks of our godown, what would be the entry in tally?
Also mention the accounting heads?
Replies (3)
As it is a revenue nature expense,
Repair & Maintenance account should be debited and cash/bank account should be credited.
Repair & Maintenance account should be debited and cash/bank account should be credited.
Is Repair & Maintenance account an indirect exps
Direct and indirect expenses concept is from costing point of view not accounting.
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