Are you an accountant?

[Sangarara]

Where do you book your generator expenses?

 

[Mtanganyika]

Power Generator? If that a case when you purchase it book it as an asset. The depreciate it for the period that is suitable for both tax purpose and cost allocate.

Fuel and repair and maintenance are periodic cost that need to hit your income statement.

 

[Lusa Nise]

Where do you book your generator expenses?

Generator is an asset hence when booking you should debit Fixed Asset and credit the Supplier or Cash/bank if purchased by cash.

 

[Punda wa Dobi]

operating expenses

 

[Mugaga]

Generator expenses such as fuel and repairs and maintanance are supposed to be debited into generator expenses account and credited to cash/supplier account.

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[AfricaUnited]

Generator is an asset hence when booking you should debit Fixed Asset and credit the Supplier or Cash/bank if purchased by cash.

kauliza generator expences sio purchase or acquisition mkuu

 

[AfricaUnited]

Generator expenses such as fuel and repairs and maintanance are supposed to be debited into generator expenses account and credited to cash/supplier account.

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i thnk its the answer.bud add depresion expenses and other

 

[ankol]

Generator expenses such as fuel and repairs and maintanance are supposed to be debited into generator expenses account and credited to cash/supplier account.

Well Said Fukara. Generator expenses means expenses acquired on running it such as fuel, repair and so on. so you have to debit operaing expenses and credit cash whether it is paid by cash or/supplier account.

 

[Sangarara]

Generator expenses such as fuel and repairs and maintanance are supposed to be debited into generator expenses account and credited to cash/supplier account.

Well Said Fukara. Generator expenses means expenses acquired on running it such as fuel, repair and so on. so you have to debit operaing expenses and credit cash whether it is paid by cash or/supplier account.

Forget about operating expense at this point. where do you book the fuel and repair expenses?

 

[Sangarara]

i thnk its the answer.bud add depresion expenses and other

Thanks, I had no depreciation element in my first thought.

 

[Sangarara]

Generator expenses such as fuel and repairs and maintanance are supposed to be debited into generator expenses account and credited to cash/supplier account.

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So you have Generator expenses account in your trial balance? what kind of operation are you accounting for?

 

[Sangarara]

Power Generator? If that a case when you purchase it book it as an asset. The depreciate it for the period that is suitable for both tax purpose and cost allocate.

Fuel and repair and maintenance are periodic cost that need to hit your income statement.

I have come to find my question was open to so many answers. I actually want to know where you book the fuel and repair expenses?

 

[Kachanchabuseta]

Where do you book your generator expenses?

i book generator expenses on page 7

 

[Likwanda]

It depend with the value of materiality concept and value of your Generator. Example in big firms generator of tsh 750,000 can be treated as operating expenses and in small business can be treated as an assets.