28 July 2010
Hi friends Am going to pay Rs1500000/- for lease of one building for 6 years . What are the entries i should made in my books of account . Myne is Limited company.
01 August 2010
Every year you have to write off Rs 2.50 Lacs and remaining balance at the end of the year is to be shown as Prepaid Expenses (Advances).
CAclubindia
