Please Help: CNG USED IN PROCESS

Posted Date : 08-Dec-2011 , 06:41:13 pm | Posted By ravi chhatwani

IN MY CLIENT PLACE, CNG IS USED DURING PROCESS OF JOB WORK FOR BURNING EXCESS COTTON IN CLOTH.
I WANT TO KNOW TO WHICH A/C HEAD WILL THIS CHARGES WILL BE DEBITED ?

Category : Accounts | Answers : 4 | Comments : 1 | Hits : 333

Answers

Answer By: AKHIL MAHESHWARI

Dear Ravi Ji, in my opinion it will simply be debited as cotton burning expenses under Direct Expenses Head.......

Answer By: CA VIPIN GARG

Dear Ravi Ji, there is no specific heads mentioned anywhere for all types of expenses and i am agree with what Akhil Ji have said because u can debit the above expenses with the head mentioned by him...

Moreover if you want to classify under standard heads only then you can go with the head fuel expenses as well.......

Hope you got the answer you were looking for, have a nice day..........

Answer By: AKHIL MAHESHWARI

No, there is no specific head for it, but it may be debited as fuel expenses, reminding that it must come under Direct expenses.......

Answer By: Ketan Samdani

Expenses can be classified under head of Power & Fuel expenses under direct expenses.