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if a company purchased cell phones for employees how to
treat that expenses is it asset for the company under which
ledger it will come pls tell me friends?
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Answer Posted / rahul
it,s depend upon situatin if mobile given for whole time
for employee than it,s Expens for company
entry is
p/l a/c ------dr.
To C/b a/c
if only for office use than its asset of the company
office eqp a/c------dr
To C/b a/c
| Is This Answer Correct ? | 16 Yes | 7 No |
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