electricity expenses

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 September 2010 in which account shold amount paid for new connection of electricity & amt paid for load increase be accounted ?
Are these admissible expenses?

15 September 2010 These all will go under electricity expenses itself, there should not be any separate categorization for this.

15 September 2010 Yes, they are allowable expenses as electricity expense incurred for the purpose business..

If they are not refundable, it shd b treatd as revenue expns and if it s refundable, treat it as asset..




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