M/s. XY is a Builders.Amount paid to water authority for taking water connection for site can be classified under which accounting head
3 Replies
SUNEEL KUMAR
(Sr. Accounts & Finance Executive)
(163 Points)
Replied 06 October 2016
it's not a security amount & 'll not reimbursed in future so treat it as indirect expenses
Rajesh Raman
( )
(292 Points)
Replied 07 October 2016
Is it account as Rates and taxes ??? otherwise ????
SUNEEL KUMAR
(Sr. Accounts & Finance Executive)
(163 Points)
Replied 07 October 2016
u can book amount under ledger Water & Electricity Expenses with narration ( being amount paid for water connection )
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