Help me Finding Purchase of ropes falls under which expense head
Purchase of ropes falls under which expense head
Sahibzaada Md.Maidul Islam (Sr.Ex.Accounts ) (20 Points)
29 March 2021
4 Replies
prasad Nilugal
(3914 Points)
Replied 29 March 2021
If Expense related to production or factory then purchase of rope will be under Direct Expense otherwise same will be under Indirect Expense .
Sahibzaada Md.Maidul Islam
(Sr.Ex.Accounts )
(20 Points)
Replied 29 March 2021
Thanks but i want to know the category of the expense,will it fall on accessories category or miscellaneous Expense or what.
prasad Nilugal
(3914 Points)
Replied 29 March 2021
Depends upon what purpose you made this Expense ?.
prasad Nilugal
(3914 Points)
Replied 29 March 2021
You can Show under miscellaneous expense However GST is applicable on ropes .
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