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Yearly rental fee

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(Querist)
05 March 2020 Our company purchased a Paytm Swaipe machine @Rs4236, we have make it fixed asset in FA 2018-19. but after one year they deducted Renal charges of machine as same amount of Rs. 4236 & rental charges will be paid every year, so how do we'll entry and which head we'll put it?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
06 March 2020 Charge the payment under rental expenses.
Remove the amount from fixed asset and charge it as rental expenses.
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