If you keep an amount for the office interior designing
purpose what is the entry?
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Answer Posted / 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.
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