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Entry in the books

This query is : Resolved 

20 May 2021 Our company had purchased a mobile worth Rs 1 lakh. Under which head it will be shown..And what will be the un the books

20 May 2021 If used for the purpose of business, it would be a fixed asset

20 May 2021 If yours is mobile trading company then purchase A/c . If for the use of staff for office use the fixed assets account . if for personal use also then staff welfare account, also to see to include in their salary as perks value.






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