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If you keep an amount for the office interior designing
purpose what is the entry?
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It can be
Office up keeping maintenance a/c Dr
To Cash/Bank a/c Cr
In case if it has to be Capitalized (huge amount)
Capital Expenditure a/c dr
Cash/Bank Cr
| Is This Answer Correct ? | 13 Yes | 3 No |
Answer / krishna murthy
It can be either an obsorbed expense a/c or capital account
based on the amount incurred.
1) Expense a/c ( office maint/Repair Maint) Dr
Cash/Bank A/c Cr
2) Capital Expense A/c. Dr
(Work in Progress to Capital A/c incase of Running work)
Bank A/c.Cr.
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / suraj thapa
There is Two option,If question is trying to say the amount
has already been spent in concern heading .Then answer is
Interior Designing Dr xxxxx
To Cash XXXXX
OR If the amount has been only provisoned then it will be
like this
Bank/Cash Dr xxxx
To Interior Designing xxxx
| Is This Answer Correct ? | 1 Yes | 1 No |
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