Head of account for mobile accessories

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Querist : Anonymous

Querist : Anonymous (Querist)

05 September 2014 purchase of mobile accessories and mobile cover -under which head is required to expenses?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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05 September 2014 u can exp it to profit and loss account

Querist : Anonymous

Querist : Anonymous (Querist)

09 September 2014 which account head is proper ?

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
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27 July 2024 When accounting for the purchase of mobile accessories and mobile covers, the proper head of account depends on the nature and use of these items within your business. Here’s how you can categorize these expenses:

### **Head of Account for Mobile Accessories**

1. **Nature of Purchase:**
- Mobile accessories (e.g., chargers, earphones) and mobile covers are typically categorized based on their use.

2. **Relevant Expense Heads:**
- **Office Supplies/Stationery:** If these items are used for office purposes or given to employees, you may categorize them under office supplies or stationery.
- **Inventory:** If the mobile accessories and covers are purchased for resale as part of your business operations, they should be recorded as inventory.
- **General Expenses:** For miscellaneous purchases not directly related to sales or production, they may be recorded under general expenses.

### **Accounting Treatment**

1. **Inventory Purchase (for Resale):**
- **Expense Head:** If the mobile accessories and covers are purchased for resale, they should be recorded under an inventory or stock account.

**Example Entry:**
- Debit: **Inventory (Mobile Accessories)** – ₹[Amount]
- Credit: **Bank Account/Cash** – ₹[Amount]

2. **Office Supplies/Stationery (for Internal Use):**
- **Expense Head:** If the mobile accessories and covers are used for office or administrative purposes, you can record them as office supplies or stationery.

**Example Entry:**
- Debit: **Office Supplies/Stationery** – ₹[Amount]
- Credit: **Bank Account/Cash** – ₹[Amount]

3. **General Expenses (for Miscellaneous Use):**
- **Expense Head:** If the purchase doesn’t fit into specific categories like inventory or office supplies, it can be recorded under general or miscellaneous expenses.

**Example Entry:**
- Debit: **Miscellaneous Expenses** – ₹[Amount]
- Credit: **Bank Account/Cash** – ₹[Amount]

### **Examples of Specific Headings:**

- **Inventory:**
- **Stock of Mobile Accessories**
- **Inventory – Mobile Covers**

- **Office Supplies:**
- **Office Supplies – Mobile Accessories**
- **Stationery – Mobile Covers**

- **General Expenses:**
- **Miscellaneous Expenses – Mobile Accessories**

### **Conclusion**

- **For resale:** Use **Inventory** or **Stock of Mobile Accessories**.
- **For office use:** Use **Office Supplies** or **Stationery**.
- **For miscellaneous purposes:** Use **Miscellaneous Expenses**.

Ensure that you follow consistent categorization based on how these items are used within your organization. Accurate accounting will help in proper financial reporting and inventory management.

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