it will be charged u/h TELEPHONE EXPENSES

IT IS TO BE TREATED AS REVENUE AND CHARGED TO PROFIT AND LOSS ACCOUNT AS TELEPHONE AND MOBILE EXPENSES.

charged as telephone expenses

it should be treated as telephone expenses

You can account it in Telephone / Mobile expenses or mobile / Telephone accessories account which comes under indirect expenses.

Thanks to all.....

yes agree it will be charged as telephone expenses

PRIGINALY POSTED BY JAGANATHAN

"You can account it in Telephone / Mobile expenses or mobile / Telephone accessories account which comes under indirect expenses."

Agreed....

Originally posted by : jaganathan
	You can account it in Telephone / Mobile expenses or mobile / Telephone accessories account which comes under indirect expenses.

Agreeee...:)

I am agree with Mr. Rajnikant

PURCHASE of SIM card is a revenue expenditure , shall be charged to profit and loss account under the head "TELEPHONE EXPENCES"

it is revenue expenditure and u can take it under indirect expenses

YEAH.. AGREED IT WILL BE CHRGED TO TELEPHONE/MOBILE EXPENSES

it will be revenue expense and will be debited in the head telephone and mobile expenses....