Company incurred painting expenses covers under which account head.
please do me advise.
regards
ramarao
Replies (10)
Quick Summary
Painting expenses incurred by a company are generally classified based on nature of work. Most users suggest booking under Repairs & Maintenance or Office/General Expenses. If material, it may also fall under indirect expenses depending on business nature.
it depends upon nature of business the company doing..
So firstly, provide the detail about business, and about the exp, like is it Wall painting or something else..
In general, it can be merged with Printing & Stationarry or Repair & Maintenance - Others...And the best, if it is nominal amount, Miscellaneous Expenses..
It is not that office expences comes under the head printing and stationery here clarify that it will be debited to printing and stationery exp, or other exp. under the head indirect expences.
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