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what is the jornal entry for repairs
 Question Submitted By :: Prashanth.kiran9
I also faced this Question!!     Rank Answer Posted By  
  Re: what is the jornal entry for repairs
# 1
(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 ?    0 Yes 0 No
  Re: what is the jornal entry for repairs
# 2
repairs a/c dr

to cash a/c
Is This Answer Correct ?    4 Yes 0 No
  Re: what is the jornal entry for repairs
# 3
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.
Is This Answer Correct ?    3 Yes 0 No

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