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
- 4288 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
What is the disadvantage of double entry system?
a company recive 5 demand draft in different parties 2 DD sumittted to bank for collection and it's collected. what is the closing entry of other 3 DD in the company on that date?
Who is the sundry creditors
how to calculate the rate of hard ,soft and very very hard rock rate of cubic meter
i need clarification about tds will be calculate before deductions or after deductions on gross salary+incentive
DHPL is a small sized firm manufacturing hand tools. It manufacturing plan is situated in haryana. The company's sales in the year ending on 31st march 2007 were Rs.1000 million(Rs.100 crore) on an asset base of Rs.650 million. The net profit of the company was Rs.76 million. The management of the company wants to improve profitability further. The required rate of the company is 14 percent.The company is currently considering an investment proposal. One is to expand its manufacturing capacity. The estimated cost of the new equipment is Rs.250 million. It is expected to have an economic life of 10 years. The accountant forecasts that net cash inflows would be Rs.45 million per annum for the first three years, Rs.68 million per annum from year four to year eight and for the remaining two years Rs.30 million per annum. The plant can be sold for Rs.200 million: (a) The company can borrow funds from a nationalized bank at the interest rate of 14 percent for 10 years. It will be required to pay equal annum installment of interest and repayment of principal. (b) A financial institution has offered to lend money to DHPL at 13.5 per annum but it needs to pay equated quarterly installment of interest and repayment of principal. Questions: (1) Should the company expand its capacity? show the computation of NPV. (2) What is the annual installment of bank loan? (3) calculate the quarterly installment of the financial institution loan. (4) should the company borrow from the bank of from the financial institution?
Why did you choose the a-levels you did?
Which forms in use in service Tax, Excise duty and Vat for the return.
What is Statory Books ?
Hi wht r da questions which are mostly asked in an Accounts related job for freshers?
What are the reasons which cause pass book of the bank and your bank book not tally?
What is the networth percentage observe by banks
If balancing account is not assigned to company & is assigned to department wat will be the effects
What all are the documents need to check for a supplier payment?
Under what type of account do the unearned revenues fall?
