Company Providing Mobile handset to all employee on free of
cost and returnable basis while leaving the job. My query is-
how i account the above transaction -
under fixed asset or mobile expenses- ( indirect exp) or
staff welfare ( indirect exp )
Kindly suggest
- 2 Answers
- 3239 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / bharathi
When company buys mobile/handsets for employees for office
use it should be booked as an asset under office
equipments. Depreciation to be calculated accordingly.
Mobile monthly service Bills to be accounted as Telephone
Expenses under indirect expenses
| Is This Answer Correct ? | 6 Yes | 3 No |
Answer / neelam garg
its a mobile expenses of a company...it will be treated as
indirect expenses
| Is This Answer Correct ? | 5 Yes | 3 No |
Does anyone have any other recent Factset interview questions?? what other types of technical questions do they ask consultants?
can we change date in tally.erp s/w in educational mode ?
Different types of payments
How many accounting standards are currently published?
what is difference between trail balance and balance sheet
2 Answers MC Packaging, Wipro,
what diff. between laibilities and provision?
What is Statory Books ?
In the Manufacturing IF QC reject the material. Then where to record rejected material amount.
what is the difference between journal entry and journal voucher
is provident fund is liability or indirect expenses for employer???
What is the double entry system explain its rules with examples?
What is the Difference between Balance Sheet and Trail Balance ?
Audit 
