Mobile Expense
Code: 5235
👁 Views: 105
Account Information
| Financial Statement | Income Statement |
| Normal Balance | Debit |
Definition
Mobile phone expense used for business purposes
📐 IFRS vs US GAAP Accounting Treatment
IFRS
IAS 1
Presentation of Financial Statements
US GAAP
ASC 225
Income Statement
❓ Frequently Asked Questions
Q: How is mobile phone expense paid for employees treated?
A: Recorded as an expense if used only for business purposes; otherwise, the personal portion is allocated (deducted from employee salary).