journal entry
This query is : Resolved
30 June 2010
Hi Sir,
IF WE PURCHASE FUEL FOR THE GENERATOR BEING USED AT THE OFFICE PREMISES AS ELECTRIC EQUIPMENT, THEN WHICH A/C WILL BE DEBITED.
IF WE PURCHASE FUEL FOR THE GENERATOR BEING USED AT THE OFFICE PREMISES AS ELECTRIC EQUIPMENT, THEN WHICH A/C WILL BE DEBITED.
30 June 2010
Diesel Expenses A/c Dr.
To Cash/Bank A/c
To Cash/Bank A/c
30 June 2010
FUEL CHARGES (INDIRECT EXP) A/C DR.
TO BANK/CASH/PARTY.
TO BANK/CASH/PARTY.
30 June 2010
YOU NEED NOT TO OPEN SEPRATE ACCOUNT FOR FUEL. WHETHER YOU HAVE FACTORY AND OFFICE PREMISES SEPARTELY. THEN
YOU CAN DEBIT IT POWER & FUEL EXP A/C
(INDIRECT EXPESES) or if you have open seprate a/c for generator, then Generator Running & Maintainance a/c (indirect Exp).
But it is better to shown in Direct Expense,there is no need to bifurcate expenses used at office level or factory level.
YOU CAN DEBIT IT POWER & FUEL EXP A/C
(INDIRECT EXPESES) or if you have open seprate a/c for generator, then Generator Running & Maintainance a/c (indirect Exp).
But it is better to shown in Direct Expense,there is no need to bifurcate expenses used at office level or factory level.
Message likes :
1 times
30 June 2010
thanks a lot sir.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Confusion around Form 26QB fields
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Tds on building rent monthly
- Should I report my US salary for January, February, March in Schedule FA?
- BUYING PROPERTY COULD NOT FILE 26QB
- Gst input for FY 23-24
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
