Sahibzaada Md.Maidul Islam (Sr.Ex.Accounts ) (20 Points)
13 February 2021Purchase Of PVC Pipes, Painting these is an expense but which expense head I choose it for the expense title of that purchase,help me please.
Sahibzaada Md.Maidul Islam
(Sr.Ex.Accounts )
(20 Points)
Replied 13 February 2021
Can I take these in the section of Miscellaneous expense
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(5179 Points)
Replied 13 February 2021
painting etc expenses belongs to the PVC Pipes. So debit all purchases expenses to that particular goods, debit purchase of PVC pipes account.
Sahibzaada Md.Maidul Islam
(Sr.Ex.Accounts )
(20 Points)
Replied 13 February 2021
where to set painting heads. I Am Taking Purchase of PVC Pipes in the PVC Pipe Heads But where to input Painting,
Can You explain which types of things fall on accessories category
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 15 February 2021
If pvc pipes are recurring expense, they will be exposed as they are day to day expenses.
if they are non recurring in nature, they can be capitalised.
no need to input paint, They are other expensed or capitalised as per the above criteria
CAclubindia
