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

Answer / murali

Yes it is a asset. So journal entry is
Depreciation a/c Dr
To Mobile's A/c

Answer / murali

Mobile is a asset.
Depreciation A/c Dr
To Electronics goods A/c

Answer / ashkar

MOBILE IS ABSOLUTLY ASSETS. SO JOURNAL ENTRY IS

DEPRICIATION A/C DR
TO MOBILE'S A/C

Expand---------STRP

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Expand _________AAA

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