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what is the jornal entry for repairs
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Answer / anjali
Repairs A/c Dr.
To Cash A/c
(Being Amount Paid For Repair of ......)
Reason Why: Because Repair is a kind of Revanue Exp. and it
will not Decrease the value if any asset and it will charge
from Profit and Loss A/C.
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Answer / maynk
(dabit all expenses and losses)
repairs a/c------------dr
to party a/c (cr)
(Being repairs job work done by party)
| Is This Answer Correct ? | 1 Yes | 0 No |
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