Answer / yash

Microsoft a/c dr = 35000
to Axis bank a/c= 35000
( being puchase a window software )

Answer / bikram mandal(accountant)

SOFTWARE A/C ---DR.35000
TO VAT A/C 4% ------ 1400
TO AXIS BANK A/C ------ 33600

(BEING SOFTWARE PURCHASE BY CHEQUE)

Answer / ajith

Computer Software A/c Dr 35000 (Asset A/c)

Microsoft A/c Cr 35000 (Sundry Creditor A/c)

N: Being computer Software purchased from Microsoft

pass journal entries of the following transaction in the books of AG sindh, AGPR,FTO and SBP: 1)DDo sindh house submitted a bill for purchase of furniture to AGPR islamabad for Rs.200000 on 20th March 09; 2)AGPR issued cheque on 2nd april which was cleared by SBP on 5th April; 3)On 26th may, voucher were exchanged in the clearing house; 4)On 28th May, AG sindh issued advise to settlement to SBP karachi; 5)On 5th june,SBP HQ karachi sends a copy of clearnce memo along with bank statement to AG sindh and AGPR for settlement made on 31st May.

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