Head of account for mobile phone purchased


This query is : Resolved 

Quick Summary
Low value mobile phones used for office purposes can be treated as revenue expenses and charged to telephone expenses account instead of capitalizing as assets.

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 May 2014 my company purchased 2 mobile phones worth Rs. 2700 each and given to 2 employees for office purpose..can someone let me know to which head of accounts it should be taken

02 May 2014 It should be charged to revenue since value is less than 5000 Rs.

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 May 2014 ok thanks, please let me know whether it should be charged to Telephone a/c or Office equipment a/c

03 May 2014 Telephone Expenses A/c


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