Question

Definition of office equipment as per companies act 2013

Answer 1

Office equipment is defined as the asset which is used for the company's operating functions. It includes computers, chairs, desks and light fixtures.

Office equipment is a long term asset recorded on the balance sheet below the headings of property, equipment and plant.

According to the Companies Act 2013 office equipment includes cash, machinery, equipment, property, plant and anything which has a long term value.