Purchase of mobile handset
This query is : Resolved
30 October 2013
sir,
a new micromax mobile handset was purchased for the proprietor of the firm.
please suggest which account to debit and which to credit.
regards
vijay
a new micromax mobile handset was purchased for the proprietor of the firm.
please suggest which account to debit and which to credit.
regards
vijay
30 October 2013
If it is for personal purpose, debit capital account and credit cash/bank account. If it is for business purpose, debit fixed assets and credit cash/bank account.
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