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if co. (proprietorship). purchase mobile phone for employees than mobile phones under off. equipment .we have rec. purchase bill gst applicable how shows entry
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Answer / Deep Kamal Tiwari
When a proprietorship company purchases mobile phones for its employees, these phones would typically be recorded as office equipment in the accounting system. If the GST is applicable, it should be included in the purchase invoice. The GST-inclusive amount will be shown separately on the invoice and will be reflected in the corresponding journal entry under the Accounts Payable ledger. The entry will debit the Office Equipment account and credit the appropriate input tax account (e.g., GST Payable account).
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