malarvannan (accounts executive) (133 Points)
02 June 2011Dear all
Anyone pls guide me for the below query.
1. How to do entry for purchase of electrical accessaries like wires,clamps etc.,
as per my knowledge it comes under repairs & maintenance>>indirect exp
2. How to do entry for purchase of toiletaries like purchase of cleaning liquid,toilet fresher etc.,
Urgent pls...
Thx in advance
malarvannan.
CA ADITYA SHARMA
(CA IN PRACTICE )
(16719 Points)
Replied 02 June 2011
ELECTRICITY REPAIR AND MAINTENANCE AC. - - -- - - - -- -DR.
TO CASH
OR TO PARTY AC.
( BEING VIRES ETC. PURCHASED)
CA ADITYA SHARMA
(CA IN PRACTICE )
(16719 Points)
Replied 02 June 2011
CLEANING , LIQUIDITRIES SHOULD BE UNDER THE HEAD OFFICE/ FACTORY MAINTENANCE AC.
CA ADITYA SHARMA
(CA IN PRACTICE )
(16719 Points)
Replied 02 June 2011
THE ENTRY WILL BE
OFFICE/ FACTORY MAINTT. AC.- - - - -- - - - - - -DR.
TO CASH
Pankaj Arora
(Job)
(150 Points)
Replied 02 June 2011
Dear Malarvannan
The entry will be
1) Repair & Maintenance Dr.
To Cash/ Bank/ Creditor
2) Office Expenses Dr.
To Cash/ Bank/ Creditor
Upender Anand
(C.A final)
(58 Points)
Replied 02 June 2011
1. if the amount of electrical good is higher and its running for long period then its capitalized, if the amont of these good is small then its cover under head repair and maintenance.
2. purchase of purchase of toiletaries like purchase of cleaning liquid,toilet fresher etc is treated under office expensess , nature of these expensess is indirect expensess
CA Aditya Goel
(Chartered Accountant)
(368 Points)
Replied 02 June 2011
Electricity Exp u/h REpairs & Maintenance - Indirect Exp.
Cleaning etc. u/h Office Maintenance - Indirect exp.
ASHA BURA
(CA FINAL STUDENT)
(31 Points)
Replied 02 June 2011
| Originally posted by : Pankaj Arora | ||
 |
Dear Malarvannan The entry will be 1) Repair & Maintenance Dr. To Cash/ Bank/ Creditor 2) Office Expenses Dr. To Cash/ Bank/ Creditor |
 |
BUT IF SUCH EXPENSES (ELECTRICAL) ARE DONE IN CASE OF BUILDING UNDER CONSTRUCTION THEN THESE SHOULD BE CAPITALISED UNDER BUILDING HEAD.
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 19 June 2011
the Fixed assets ( capitalized) account head is "electric installation", if the amount is higher than 5000/- in a year
electric installation a/c dr
to cash/ bank
depriciation available @ 15% per annum on it.
CAclubindia
