The following particulars are available from the books of a public company having a large fleet of vehicles:
Balance in Provision for Repairs and Renewals Account as on 31.3.2016
Actual repairs charged/incurred during the year ended
company makes an annual provision of Rs. 4,00,000 on repairs and renewals.
Required Draw up the Provision for Repairs and Renewals Account for the years 2015-2016 and 2016-2017
Hello, in this case, contact a good car service, where they will repair the body of your car, completely overhaul it. After that, I would recommend you to cover the paint with ceramic car coating. This is one of the most effective ways to protect the body from minor damage.