if a Telephone purchase for office use, is it able to take as Fixed assets?
and what is the head,and journel, i should keep for this entry? plz help.
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Quary about fixed assets
Replies (4)
yes.. it is a fixed asset. and journal entry will be "telephone a/c debit to cash/bank a/c.
Agree with above reply. Telephone to be classified as Office equipment and charge depreciation accordingly.
thanks you..
Yes, it will be classified as an office euipment and depriciated accordingly.
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