repairs and maintenance

repairs and maintenance
The revenue expenditure incurred in maintaining the assets of an organization in their original condition (as far as this is possible). Any expenditure incurred in improving the assets would normally be regarded as capital expenditure and therefore not repairs and maintenance.

Accounting dictionary. 2014.

Игры ⚽ Поможем написать реферат

Look at other dictionaries:

  • maintenance — main|te|nance W3S2 [ˈmeıntənəns] n [U] 1.) the repairs, painting etc that are necessary to keep something in good condition ▪ the cost of repairs and maintenance maintenance of ▪ The caretaker is responsible for the maintenance of the school… …   Dictionary of contemporary English

  • maintenance — main·te·nance n 1 a: the act of providing basic and necessary support b: the state of having such support 2: a financial means of providing necessary assistance: as a: alimony b …   Law dictionary

  • Violin making and maintenance — Making an instrument of the violin family may be done in different ways, many of which have changed very little in nearly 500 years since the first violins were made. Some violins, called bench made instruments, are made by a single individual,… …   Wikipedia

  • maintenance — A set minimum margin (per outstanding futures contract) that a customer must maintain in his margin account. Chicago Board of Trade glossary Appropriate ongoing adjustments to security holder records. Bloomberg Financial Dictionary * * *… …   Financial and business terms

  • maintenance — The upkeep or preservation of condition of property, including cost of ordinary repairs necessary and proper from time to time for that purpose. Bogan v. Postlewait, 265 N.E.2d 195, 197. See also maintain Sustenance; support; assistance; aid. The …   Black's law dictionary

  • maintenance — The upkeep or preservation of condition of property, including cost of ordinary repairs necessary and proper from time to time for that purpose. Bogan v. Postlewait, 265 N.E.2d 195, 197. See also maintain Sustenance; support; assistance; aid. The …   Black's law dictionary

  • maintenance — Making repairs and otherwise keeping premises or instrumentalities in good condition. Support of a person. Wall v Williams, 93 NC 327. The act of improperly, for the purpose of stirring up litigation and strife, encouraging others either to bring …   Ballentine's law dictionary

  • maintenance man — janitor, man who cleans and maintains a facility; main who repairs and maintains machinery …   English contemporary dictionary

  • maintenance worker — janitor, one who repairs and maintains the facilities in a building …   English contemporary dictionary

  • Morse Dry Dock and Repair Company — Former type Private, later public Industry Shipbuilding Genre Industrial Fate Merged Predecessor Morse Iron Works and Dry Dock Company Successo …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”