I start my office and for renovation I have paid for electric fitting, paint, cctv and celling exp. I want to know under which head I should make a entry in tally for these expenses.
10 November 2018
My real question was: I start my office(it's on rent) and for renovation I have paid for electric fitting, paint, cctv and celling exp. I want to know under which heads I should make a entry in tally for these expenses.
Seggrigate like this....All the expenses made on renovation of building is your expense and book this under repair & maint.
All the electrical item expenses like cctv, fans, lcd, ac, cooler , exhust will be capitalized under fixed assets sub head electrical equipment or office equipment.