Company's mobile phone

I got a mobile phone from my co. Pur cost was 10000=00 but co. debited me 2000=00 only & took a cheque for the amt.

  1. How to account this 2000=00 i.e what should be the name of the ledgers that needs to be opened along with its Tally GROUP?
  2. Can I claim depriciation also.?
  3. If yes, how much & what method (wdv/ slm, other) & which amount (10,000=00 or 2,000=00)?
  4. Under which GROUP this depriciation would go?

Pl note, pur date is 25-March-2012.  So I need details for prev as well as current accounting year.

Thanks in advance.

Replies (5)

Is Original Invoice necessary for claiming DEPRICIATION?

Also, since 2000=00 (the amt paid by me to the co. & balance 8000=00 paid by the co.), under which GROUP (of Tally) this mobile should be entered?

Depreciation entry sholud passed on 6 days but original invoice or copy keep with us for 2011-12.

Nilesh,

Request to please elaborate all the points as mentioned above.

Please someone answer me point wise.

Thanks in advance

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