Property tax

450 views 5 replies

property tax paid it's a business firm
how can I pass journal entry
property tax ( indirect expense)A/c Dr
to bank/Cash a/c
is it correct entry

Replies (5)
it is correct entry.
Whether hp toner can be treated as a fixed cost or consumables
what percentage of depreciation ( 60 %)
repairs and maintenance
we purchased the hp toner
it will be shown under head consumables
Show it under repair and maintenance A/c. (indirect expenses)

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