Mobile & Power bank- Entry in tally
This query is : Resolved
09 June 2021
Dear Respected Members,
Can we consider the purchase of Mobile and power bank as a fixed asset? if not under which head in tally? especially power bank?
Can we consider the purchase of Mobile and power bank as a fixed asset? if not under which head in tally? especially power bank?
09 June 2021
Generally, if the cost is trivial, such transactions are directly debited to P&L account. I think mobile phone can be considered as a fixed asset (if the value is significant), if not, both can be debited to computer/office maintenance (as appropriate).
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