how to enter annual maintenance service bill in account?
Answers were Sorted based on User's Feedback
Answer / venkee
It's not a charge like installation charges or something
which covers replacement of non guarantee items in a
contract. Therefore its similar to Repairs and maintenance
and this need to be treated as expenditure in P&L account
|Is This Answer Correct ?||3 Yes||0 No|
Answer / guest
annual maintenance service paid amount is the amount paid
in advance that's why we show this as prepaid exp. ... and
debited on each month of the year......
|Is This Answer Correct ?||3 Yes||1 No|
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