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?
Answer Posted / 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 |
Post New Answer View All Answers
At the time of death of a partner, firm gets ________ from the insurance company against the Joint Life Policy taken jointly for all the partners. (a) Policy Amount. (b) Surrender Value. (c) Policy Value for the dead partner and Surrender Value for the rest. (d) Surrender Value for all the partners.
what is ment by suspence account and dummy account
Proprietor paid amount of Rs. 11060/- for car insurance. Pass Journal.
Do you know overhead in terms of accounting?
what are the adjustments and treatment with connection to the profit and loss appropriation accounts and how they do?
swagat staryed business on 1st jan 2005 with cash on hand Rs. 10000
Mention the types of accounts involved in double entry book-keeping?
plz can some one tel me "The concept of stock holder's equity and paid in capital".
What is account payee cheque? Expand ctc cheque?
What is tally accounting?
What do you find most satisfying about this job?
Debit Card Come Under Which group in Tally 9?
What can go wrong if you have a balance sheet with a lot of debt? What can go wrong if there is negative owner's equity? What does a good cash flow statement look like and why?
What is the difference between deferred revenue and accrued revenue?
The Tabula Manufacturing Company has been in business for one month. At the end of month the company had the following accounts: Materials used K 5 000.00 Direct labour 10 000.00 Indirect labour 3 000.00 Indirect materials 2 000.00 Labour fringe benefits 1 000.00 Supervisor’s salary 1 000.00 Depreciation Machinery 2 000.00 Miscellaneous factory overhead 1 000.00 Heat and light 500.00 Insurance on plant 1 500.00 The company processed two jobs during the month with costs as follows: Job 101 Job 102 Materials cost K3 000.00 K2 000.00 Direct labour cost K6 000.00 K4 000.00 Direct labour hours 4 000.00 3 000.00 Machine hours 2 000.00 1 000.00 The company does not use a predetermined rate for factory overhead. The rate is computed at the end of each month. Required Use both the direct labour hours and machine hours to compute: 1) The overhead rates for the month (5 pts) 2) The overhead cost for each job (5pts) 3) The total cost for each job (10 pts) 4) Briefly describe the difference between Job order and process costing, citing relevant examples (5 pts).