7301
Vehicle Repairs and Servicing
Overheads
Normal balance
Debit
This Overheads code records the cost of vehicle repairs and servicing incurred in running the business. As an expense account, it normally carries a debit balance: debit entries increase the balance (recording new costs) and credit entries decrease it (for example, correcting an error or a refund received).
Other codes in Overheads
| 7300 | Vehicle Fuel |
| 7302 | Vehicle Licences |
| 7303 | Vehicle Insurance |
| 7304 | Miscellaneous Motor Expenses |
| 7305 | Congestion Charges |