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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
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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 |
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