Dictionary » Letter R » repairs
Operating expenses made to return an asset to its previous condition (rather than to make the asset more than it was originally). The amount is charged to an account such as Repairs and Maintenance Expense in the period when the repair is made.
| » For more clarity on this term: |
← Go Back |
Watch our new HD seminar videos (4+ hours) when you join AccountingCoach Pro. |
![]() |
Receive our popular 15-page Cheat Sheet at no cost when
you join our free newsletter: