Dear all
Anyone pls guide me for the below query.
1. How to do entry for purchase of electrical accessaries like wires,clamps etc.,
as per my knowledge it comes under repairs & maintenance>>indirect exp
2. How to do entry for purchase of toiletaries like purchase of cleaning liquid,toilet fresher etc.,
Urgent pls...
Thx in advance
malarvannan.
ELECTRICITY REPAIR AND MAINTENANCE AC. - - -- - - - -- -DR.
TO CASH
OR TO PARTY AC.
( BEING VIRES ETC. PURCHASED)
CLEANING , LIQUIDITRIES SHOULD BE UNDER THE HEAD OFFICE/ FACTORY MAINTENANCE AC.
THE ENTRY WILL BE
OFFICE/ FACTORY MAINTT. AC.- - - - -- - - - - - -DR.
TO CASH
Dear Malarvannan
The entry will be
1) Repair & Maintenance Dr.
To Cash/ Bank/ Creditor
2) Office Expenses Dr.
To Cash/ Bank/ Creditor
1. if the amount of electrical good is higher and its running for long period then its capitalized, if the amont of these good is small then its cover under head repair and maintenance.
2. purchase of purchase of toiletaries like purchase of cleaning liquid,toilet fresher etc is treated under office expensess , nature of these expensess is indirect expensess
Electricity Exp u/h REpairs & Maintenance - Indirect Exp.
Cleaning etc. u/h Office Maintenance - Indirect exp.
| Originally posted by : Pankaj Arora | ||
 |
Dear Malarvannan The entry will be 1) Repair & Maintenance Dr. To Cash/ Bank/ Creditor 2) Office Expenses Dr. To Cash/ Bank/ Creditor |
 |
BUT IF SUCH EXPENSES (ELECTRICAL) ARE DONE IN CASE OF BUILDING UNDER CONSTRUCTION THEN THESE SHOULD BE CAPITALISED UNDER BUILDING HEAD.
the Fixed assets ( capitalized) account head is "electric installation", if the amount is higher than 5000/- in a year
electric installation a/c dr
to cash/ bank
depriciation available @ 15% per annum on it.
CAclubindia
