Fixed assets or staff welfare expense

30 July 2019

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

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7 Replies

Deepak Gupta (CA Student) (15922 Points)
Replied 30 July 2019

Furniture & Fixture under Fixed Assets

1 Like

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 30 July 2019

if company buy chairs for employees...

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

Clear Your query...!

Praveen Singh (60 Points)
Replied 30 July 2019

it's for office use

Nithin Joseph (CA in Practice) (161 Points)
Replied 30 July 2019

It should be classified as fixed assets... furniture and fixtures

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 30 July 2019

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..

Shivam RC (Student) (23683 Points)
Replied 30 July 2019

Under Fixed Assets Column

Shorya (CA Article) (105 Points)
Replied 30 July 2019

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

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