Telephone deposit written off

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shinitha (Querist)

18 February 2015
Can we write off telephone deposit at the same year in which it is paid?

Please Reply me

Thanks in advance.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)

18 February 2015 if it is refundable then why you want to write it off?

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shinitha

shinitha (Querist)

18 February 2015 Actually these telephone deposit we never get back.then how can we call it as refundable?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)

18 February 2015 who said that? how do u decide it whether they are refundable or not?

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CA Anjana Grover

CA Anjana Grover (Expert)

18 February 2015 Hi Shinitha,

If you apply for proper disconnection of accounts it is either adjusted into the bill or is refunded.

If you discontinue the service without closing of the no only than deposits are not refunded.

Its better not to write it off.

Regards

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shinitha

shinitha (Querist)

18 February 2015 Practically people are saying while they cancell there phone connection ,they didint get back their security amount.thats y iasked that question.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)

18 February 2015 ok but still as per accounting norms it must not be written off

shinitha

shinitha (Querist)

18 February 2015 Practically people are saying while they cancell there phone connection ,they didint get back their security amount.thats y iasked that question.

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