1. Categories >> Accounting >> Accounting General
  2. Suggest New Category

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?

Question Posted / venkateshpentam

Answers were Sorted based on User's Feedback



if a company purchased cell phones for employees how to treat that expenses is it asset for the co..

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

if a company purchased cell phones for employees how to treat that expenses is it asset for the co..

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

if a company purchased cell phones for employees how to treat that expenses is it asset for the co..

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

if a company purchased cell phones for employees how to treat that expenses is it asset for the co..

Answer / deepak

Tools & equipment's a/c Dr

To Cash/Bank

Is This Answer Correct ?    5 Yes 6 No

if a company purchased cell phones for employees how to treat that expenses is it asset for the co..

Answer / satish dagar

yes

Is This Answer Correct ?    4 Yes 6 No

if a company purchased cell phones for employees how to treat that expenses is it asset for the co..

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

Post New Answer

More Accounting General Interview Questions

what is mutual funds?

2 Answers  

why do we take preliminary expenses into asset side?

5 Answers   Infosys,

wages and labour entry

1 Answers  

how many tds payable if i win 15000 only 5000 or whole amt

2 Answers  

how will rectify the error in trial balance.

0 Answers  




what is the difference between backup and restore in tally software pls tell me friends?

2 Answers  

Which account is responsible for interest payable?

1 Answers  

what is a promissory note ?

2 Answers  

A machinery item puchase form M/s. XYZ for the cost of Rs.2,00,000/- with freight charges Rs.20,000/- and installation charges Rs.10,000/- what is the journal entry

4 Answers   Chartered Accountant, Sony,

What is finance lease? What are bonus Shares? entry for it. What is Depreciation? What is the Journal Entry? What is DPS? What is minority Interest? where it is shown?

0 Answers   Capital IQ,

In the balance sheet, where do you show tds?

0 Answers  

how&when brs is prepared

5 Answers  

For more Accounting General Interview Questions Click Here
Categories