dear all
what is the meaning of the word "rates" in the term "rent and rates" ?
i am studying overheads costing and i could not find the meaning. please reply asap.
1 Replies
Rashid Mehmood
(Group Chief Financial Officer at Al Kaki Hospitality Group Saudi Arabia )
(1494 Points)
Replied 22 February 2013
Dear
The terms RATES have been taken from british accounting terms. rates normally referes to water charges paid to land lord in addition to the annual rent.
hoping it will suffice your concerns.
Recent Topics
- Clarity needed on effective date
- Income Tax Refund Deadline Shortened to Five Years
- Rectification Applications for Past GST Demands
- Where can I find a trusted provider to hire a skip
- GST Invoices Series
- FILING OF ITR AY 20-21
- CLAIMING OF U CLAIMED RCM
- Building construction works
- REGARDING GSTR-9 F.Y 2023-24
- Rectification to decrease income in SCHEDULE OS
Related Threads
CAclubindia
