Interested to Buy Any Domain ? << Click Here >> for more details...
if a company purchased cell phones for employees how to
treat that expenses is it asset for the company under which
ledger it will come pls tell me friends?
- 6 Answers
- 49107 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / kavita
if company purchase cell phones for employer than it will
be treated as office equipments.
in books entry will be.
office Equipments A/c Dr.
cash/ Bank account Cr.
| Is This Answer Correct ? | 44 Yes | 4 No |
Answer / rahul
it,s depend upon situatin if mobile given for whole time
for employee than it,s Expens for company
entry is
p/l a/c ------dr.
To C/b a/c
if only for office use than its asset of the company
office eqp a/c------dr
To C/b a/c
| Is This Answer Correct ? | 16 Yes | 7 No |
Answer / suman baranwal
since cell phones are assets for the co. as it belongs to
co. & given to employee for office purpose,entry will be:-
office equipments dr.
to cash/bank
mobiles will be the subhead under office equipment.
cell phones will remain with the co. on change of employee
as employee hand will change for the use of mobiles & they r
not given to employees for their personal purpose
| Is This Answer Correct ? | 7 Yes | 7 No |
Answer / divya s k
since it is purchased for the sake of employees, it is an
indirect expense & hence debited to P&L a/c
P&L a/c Dr.
To general expenses a/c
| Is This Answer Correct ? | 3 Yes | 15 No |
what is mutual funds?
I m considering BASIC + DA at the time of calculating EPF. Is it the right procedure?
What is the entry for bad debts recovered
10 Answers Core Logic, Libra International,
hi my name is nagesh,am working in constructions company i have one dout tally software purchase it is asset or expenditure.pls reply ASAP.
what is the difference between derivatives and swaps
9 Answers Capital IQ, FactSet Systems,
What is difference between Cash Flow and fund flow
Hai i have completed MBA in HR(major) And Marketing (minor). Now applying FInance if it possible please tell me
credit card all entry pass in tally
Explain the process of withhold tax invoice
How to make a entry in tally for Land & Building Purchased for RS.1,65,00,000/-(Total Consideration)Paid Installment wise as 30 lakh,10 lakh,20 lakh & 1,30,87,500
What is the definition of manual accounting?
why are accounting firms needed?
Audit 
