Which expense account to debit

347 views 3 replies

Hi,

We have paid fees for Regularisation of Existing Block and Extension to Govt

Which expense head to debit this

Will debiting to Rates and Taxes will be appropriate?

 

Replies (3)
Originally posted by : Sonia Shirodkar

Hi,

 

We have paid fees for Regularisation of Existing Block and Extension to Govt - What is this process and Business activities...?

 

Which expense head to debit thisWill debiting to Rates and Taxes will be appropriate? - Please Explain

 

This a Educational Trust.

Regularisation fee is one time payment. So debit the concern property account. 

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