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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?

Question Posted / venkateshpentam

Answers were Sorted based on User's Feedback



if a company purchased cell phones for employees how to treat that expenses is it asset for the co..

Answer / kavita

if company purchase cell phones for employer than it will
be treated as office equipments.

in books entry will be.

office Equipments A/c Dr.
cash/ Bank account Cr.

Is This Answer Correct ?    44 Yes 4 No

if a company purchased cell phones for employees how to treat that expenses is it asset for the co..

Answer / 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

if a company purchased cell phones for employees how to treat that expenses is it asset for the co..

Answer / suman baranwal

since cell phones are assets for the co. as it belongs to
co. & given to employee for office purpose,entry will be:-
office equipments dr.
to cash/bank
mobiles will be the subhead under office equipment.

cell phones will remain with the co. on change of employee
as employee hand will change for the use of mobiles & they r
not given to employees for their personal purpose

Is This Answer Correct ?    7 Yes 7 No

if a company purchased cell phones for employees how to treat that expenses is it asset for the co..

Answer / deepak

Tools & equipment's a/c Dr

To Cash/Bank

Is This Answer Correct ?    5 Yes 6 No

if a company purchased cell phones for employees how to treat that expenses is it asset for the co..

Answer / satish dagar

yes

Is This Answer Correct ?    4 Yes 6 No

if a company purchased cell phones for employees how to treat that expenses is it asset for the co..

Answer / divya s k

since it is purchased for the sake of employees, it is an
indirect expense & hence debited to P&L a/c

P&L a/c Dr.
To general expenses a/c

Is This Answer Correct ?    3 Yes 15 No

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