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-   -   Purcahsed new telephone instrument goes to which account? Like Tele exp, print & sta. (https://www.askmehelpdesk.com/showthread.php?t=437745)

  • Jan 22, 2010, 12:45 AM
    akshayambarle
    Purcahsed new telephone instrument goes to which account? Like Tele exp, print & sta.
    How to create entry in tally.7.2 for purchased new telephone.
  • Jan 24, 2010, 12:04 AM
    morgaine300

    This is going to be based strictly on policy of the company and opinion.

    Companies generally have a cut-off point in terms of cost to decide what to capitalize and what to expense. A whole telephone system installation would probably be capitalized, but just a cheap phone should be expensed.

    Which expense is opinion. I put things like that in office expense. To me, telephone expense is for the actual telephone bills, but you can put it there as well. It would definitely be an operating expense, but you don't have to get picky about names - just whatever makes sense.

    I don't know what "print & sta." is supposed to mean so can't comment on that.
  • Jul 16, 2012, 12:01 AM
    yashoda Pathak
    We have purchase orpet telephone instrument for 560/- can we expense out
  • Jul 16, 2012, 04:05 AM
    paraclete
    Quote:

    Originally Posted by yashoda Pathak View Post
    we have purchase orpet telephone instrument for 560/- can we expense out

    Yes, an item below 1000 and of limited life would normally be expensed however you must reference the firms capitalisation policy

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