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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 Posted / 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
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