WINDOWS SOFTWARE PURCHASES FROM MICROSOFT BY PAYING A
CHEQUE OF RS. 35000/- FROM AXIS BANK LTD. PASS THIS JOURNAL
ENTERY

Answers were Sorted based on User's Feedback



WINDOWS SOFTWARE PURCHASES FROM MICROSOFT BY PAYING A CHEQUE OF RS. 35000/- FROM AXIS BANK LTD. PA..

Answer / nichit pandurang

1)Asset Booked Thrg JV
Software (Asset)A/c Dr 35000
Micro soft A/c CR 35000
2)Payment entry to party
Micro Soft Dr 35000
Axix bank Cr 35000

Is This Answer Correct ?    19 Yes 0 No

WINDOWS SOFTWARE PURCHASES FROM MICROSOFT BY PAYING A CHEQUE OF RS. 35000/- FROM AXIS BANK LTD. PA..

Answer / revanth

Software a/c Dr
To Banka/c

Is This Answer Correct ?    20 Yes 4 No

WINDOWS SOFTWARE PURCHASES FROM MICROSOFT BY PAYING A CHEQUE OF RS. 35000/- FROM AXIS BANK LTD. PA..

Answer / musthafa

windows software (asset) a/c DR 35000

AXIS BANK A/C CREDIT 35000

Is This Answer Correct ?    16 Yes 3 No

WINDOWS SOFTWARE PURCHASES FROM MICROSOFT BY PAYING A CHEQUE OF RS. 35000/- FROM AXIS BANK LTD. PA..

Answer / sachin

(1)journul entry

Software (Asset)A/c Dr 35000
Micro soft.. A/c CR 35000


2)Payment entry to party

Micro Soft Dr 35000
Axix bank Cr 35000

Is This Answer Correct ?    4 Yes 0 No

WINDOWS SOFTWARE PURCHASES FROM MICROSOFT BY PAYING A CHEQUE OF RS. 35000/- FROM AXIS BANK LTD. PA..

Answer / mangesh shukla

windows software is assets of the company

journal entry

windows software dr 35000/-
microsoft cr 35000/-

payment entry

microsoft dr 35000/-
bank axis cr 35000/-



if above entry is wrong so plz give me correct entry

Is This Answer Correct ?    1 Yes 0 No

WINDOWS SOFTWARE PURCHASES FROM MICROSOFT BY PAYING A CHEQUE OF RS. 35000/- FROM AXIS BANK LTD. PA..

Answer / shiva

please tell me tha present rates of taxes and and
percentage of all taxes pleas please tell i need very
urgent i will be thank full to u plesa i waiting for ur
answers thank u my mobile no is 09848083705.

Is This Answer Correct ?    0 Yes 0 No

WINDOWS SOFTWARE PURCHASES FROM MICROSOFT BY PAYING A CHEQUE OF RS. 35000/- FROM AXIS BANK LTD. PA..

Answer / shiji

Purchases a/c Dr
To Axis Bank a/c

(Being the software purchase made by cheque)

Is This Answer Correct ?    1 Yes 1 No

WINDOWS SOFTWARE PURCHASES FROM MICROSOFT BY PAYING A CHEQUE OF RS. 35000/- FROM AXIS BANK LTD. PA..

Answer / satish

windows software is not an asset. we cannot get money in future. so it should be treated as expenditure. we cannot sale the software to any other company.
the first entry is
software ac...dr
to microsoft ac (sundry creditors)
after payment through bank or cash
microsoft ac...dr
to bank (or) cash ac

Is This Answer Correct ?    0 Yes 0 No

WINDOWS SOFTWARE PURCHASES FROM MICROSOFT BY PAYING A CHEQUE OF RS. 35000/- FROM AXIS BANK LTD. PA..

Answer / yash

satish ji ye batiye ki software kis head me loge aap liabilities mein ya expenses mein bcs u say its not a assets

satish ji
all computer software is a intengible assets ok i think all the readers clear his doubts

Is This Answer Correct ?    0 Yes 0 No

WINDOWS SOFTWARE PURCHASES FROM MICROSOFT BY PAYING A CHEQUE OF RS. 35000/- FROM AXIS BANK LTD. PA..

Answer / vinay kumar

1) Booked assets by Journal
Software purchase A/c Dr. 35,000/- (Assets)
To Microsoft Co.A/c Cr. 35,000/- (Sundry Creditor)
(being software purchase to M/s Microsoft Co.)

2)Payment to Party(Sundry Creditor)
Microsoft Co. A/c Dr. 35,000/-
To Axis Bank Ltd. Cr. 35,000/-
(being purchase software paid by cheque)

Is This Answer Correct ?    0 Yes 0 No

Post New Answer

More Accounting General Interview Questions

Topic contra entry; How to post cash withdrawn from bank for office work? the journals to be passed?

0 Answers  


what is insurance? And Type of insurance?

3 Answers  


PROVIDENT FUND TO BE CALCULATED ON BASIC AFTER DEDUCTION OF ABSENTS (LOP)

0 Answers  


what is depreciation? what are depreciation methods? please explain those method? can any one reply urgently? Answer

4 Answers  


Explain the Steps to Define Expenses Report

0 Answers   Accenture,






Tell me what is “deposit in transit”?

0 Answers  


what do you mean by the word Purchase

3 Answers   Capital IQ,


What are the expenses comes uner direct exp

5 Answers  


what is the accouniting

3 Answers   Cognizant,


steps for finalisation of accounts and related entries

2 Answers  


what is journal entry. Let me have the detailed with example. Also the difference between the journal and payment entry.

3 Answers  


Contrast bookkeeping and accounting

0 Answers  


Categories