Interested to Buy Any Domain ? << Click Here >> for more details...
PL TELL ME PHONE OR MOBAIL IS OUR ASSETS IF YES CAN I TAKE
AS ASSETS IN MY BALANCESHEET & PL TELL ME DEPRECIATION
JOURNAL ENTRY
- 4 Answers
- 5896 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / pintu karmakar
LL phone is not assets but when you purchase a mobile/cell
phone that will treat as assets and you can take as assets
in BS. The journal entry will be;
Depreciation (expenses)A/c Dr
To Provision for depreciation (liability) A/c
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / murali
Yes it is a asset. So journal entry is
Depreciation a/c Dr
To Mobile's A/c
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / murali
Mobile is a asset.
Depreciation A/c Dr
To Electronics goods A/c
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / ashkar
MOBILE IS ABSOLUTLY ASSETS. SO JOURNAL ENTRY IS
DEPRICIATION A/C DR
TO MOBILE'S A/C
| Is This Answer Correct ? | 1 Yes | 3 No |
Debit Note & Credit Note?
what is the effect of repo rate
4 Answers BIIB Pune, Capital IQ,
Expand---------RMP
What is Budgeted capital ?
what is the difference between Assets Allocation & Security selection?
Why interest on partner's loan is not transferred to his capital account? What is the logic for transferring it to his current account/ loan account or accrued interest account?
what are the three basic acounting principles.what is account reconcilliation.what is portfolio management
what is portfolio Saint?
what is the difference between mutual fund and banks
what is the difference between saving a/c and current a/c.?
EXPAND______________PTI
Q A project cost Rs.6,00,000. It yields annually a profit of Rs.80,000. After depreciation of 12.5% p.a.but before tax of 50%.Calculate payback priod.
Audit 
