Fixed assets or staff welfare expense

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if company buy chairs for employees it's comes under which head ? in tally

Replies (7)

Furniture & Fixture under Fixed Assets

if company buy chairs for employees...


What is the use or where is it...?
in company use or employees home use...?

Clear Your query...!
it's for office use
It should be classified as fixed assets... furniture and fixtures
Originally posted by : Praveen Singh
it's for office use

 

If it's used in office then You can account under Fixed Asset head. no need doubts.

 

 

But,

The Question is doubtful as "company buy chairs for employees". So, Only doubt..

Under Fixed Assets Column

If it is used in the premises of office/factory, include it in furniture & fixtures.

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