Maneet Puri (student) (71 Points)
15 June 2011Payment made for the purchase of the sim card , will it can be charged to office equipment head or any other head , if sim card was purchased for official purposes.
CA MAYANK WADHERA
(CA CS CMA(I))
(789 Points)
Replied 15 June 2011
it will be charged u/h TELEPHONE EXPENSES
Rajnikant Vadigoppula
(CA, CS And CMA Final)
(919 Points)
Replied 15 June 2011
IT IS TO BE TREATED AS REVENUE AND CHARGED TO PROFIT AND LOSS ACCOUNT AS TELEPHONE AND MOBILE EXPENSES.
CA ADITYA SHARMA
(CA IN PRACTICE )
(16719 Points)
Replied 15 June 2011
it should be treated as telephone expenses
jaganathan
(accounts executive)
(272 Points)
Replied 15 June 2011
You can account it in Telephone / Mobile expenses or mobile / Telephone accessories account which comes under indirect expenses.
@*CS Siddharth Bumb. *
(B.Com, CA Final, CS )
(5270 Points)
Replied 15 June 2011
yes agree it will be charged as telephone expenses
CS Bijoy
(Expert)
(6394 Points)
Replied 15 June 2011
PRIGINALY POSTED BY JAGANATHAN
"You can account it in Telephone / Mobile expenses or mobile / Telephone accessories account which comes under indirect expenses."
Agreed....
Aparna Raja K.C
(Student)
(520 Points)
Replied 15 June 2011
| Originally posted by : jaganathan | ||
 |
You can account it in Telephone / Mobile expenses or mobile / Telephone accessories account which comes under indirect expenses. |
 |
Agreeee...:)
Anshul
(.)
(375 Points)
Replied 16 June 2011
PURCHASE of SIM card is a revenue expenditure , shall be charged to profit and loss account under the head "TELEPHONE EXPENCES"
@*CS Siddharth Bumb. *
(B.Com, CA Final, CS )
(5270 Points)
Replied 18 June 2011
it is revenue expenditure and u can take it under indirect expenses
V.MASTHANVALI
(ACCOUNTS EXECUTIVE)
(89 Points)
Replied 04 August 2011
YEAH.. AGREED IT WILL BE CHRGED TO TELEPHONE/MOBILE EXPENSES
CA ADITYA JAIN
(CA, MBA.CS, B.COM)
(115 Points)
Replied 06 January 2012
it will be revenue expense and will be debited in the head telephone and mobile expenses....
CAclubindia
