Interested to Buy Any Domain ? << Click Here >> for more details...
Company Providing Mobile handset to all employee on free of
cost and returnable basis while leaving the job. My query is-
how i account the above transaction -
under fixed asset or mobile expenses- ( indirect exp) or
staff welfare ( indirect exp )
Kindly suggest
- 2 Answers
- 4165 Views
- I also Faced
- E-Mail Answers
Answer Posted / bharathi
When company buys mobile/handsets for employees for office
use it should be booked as an asset under office
equipments. Depreciation to be calculated accordingly.
Mobile monthly service Bills to be accounted as Telephone
Expenses under indirect expenses
| Is This Answer Correct ? | 6 Yes | 3 No |
Post New Answer View All Answers
Mention what does the investment of personal assets by the owner will do?
What is depreciation and how many types are there. Please give details?
How the Entry passed for Loss of Payment
Imagine you have to solve problems for multiple clients at the same time. How do you prioritize?
WHAT IS NPF IN ACCOUNTS. AN ENTRY IN BANK STATEMENT" NPF SOME NAME XXXX DR SIDE" PLEASE ANSWER WHAT IS NPF?
what is the impact of bank garantee of rs 100000 on cash flow statement which has been expired...& impact on bank reconcilation statement
sir i want to know that where we taken entry of sals return in excise in manufecturing unit tell me .
Why is accuracy important in accounting?
What is the disadvantage of double entry system?
purchase of Rs 1000 were rejected and returned,however vendor returned Rs 800 and balance Rs 200 is charged to sundry exp A/c
Mobile on Rupees 2000 purchase for office use not for staff....What entry in accounts..?????
Can a company deduct TDS & provide TDS certificate for a bill without actually making payment towards the same??
what is the last date of deposit TDS on liability for the assessment year 2010-11
What are the advantages of computer accounting over paper accounting?
Explain me what is assets minus liabilities?
