WINDOWS SOFTWARE PURCHASES FROM MICROSOFT BY PAYING A
CHEQUE OF RS. 35000/- FROM AXIS BANK LTD. PASS THIS JOURNAL
ENTERY
Answer Posted / 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 |
Post New Answer View All Answers
why only 6 months interest is charged on drawings
Explain me how much mathematics knowledge is necessary or required in accounting?
At the time of advance tds deducted 2% contract which was wrong but when we adjusting the adavace tds deducting 10% rent how can we adjusting that amount
What is general entries for Deffered Tax?
Explain what is accrual accounting?
What do you think is a bank reconciliation statement?
Explain what are the rules for debit and credit for different accounts to increase the amount in your business accounts?
Explain me the term material facts in accounting?
Tell us what is your proudest accomplishment?
Define retail banking?
please send me banking question on my email ID as I have been selected for state bank of india .my email ID is sawant.supriya51@gmail.com
What is fair value accounting definition?
How do you maintain accounting accuracy?
How familiar are you with crm?
Do you know executive accounting?