Real Estate
Elevator / Lift Annual Service Contract
Paying the annual maintenance fee for elevator certification and servicing.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Prepaid Maintenance (Elevator) | Asset (+) | 4,800.00 | - |
| Cash / Bank | Asset (-) | - | 4,800.00 |
💡 Accountant's Note
Elevator service contracts are mandatory in most jurisdictions for multi-floor buildings. The annual fee is prepaid and amortized monthly.
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