if a proprieter farm purchase any software for account what is the general ent

if a proprieter farm purchase any software for account what
is the general entry ?

Question Posted / sumit

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if a proprieter farm purchase any software for account what is the general entry ?..

Answer / dharmesh sati

This will trated as Asserts of Accounts

Computer Softer (Asserts) Debit

If Puchase on Credit

Vendor (From which software is purchase) Credit

IF Purhcase on Cash

Cash Account Credit

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if a proprieter farm purchase any software for account what is the general entry ?..

Answer / pradeep

software a/c dr

to cash/bank

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3 Yes

1 No

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