Follow Our FB Page << CircleMedia.in >> for Daily Laughter. We Post Funny, Viral, Comedy Videos, Memes, Vines...


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

Answers were Sorted based on User's Feedback



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

Is This Answer Correct ?    6 Yes 1 No

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

Answer / pradeep

software a/c dr

to cash/bank

Is This Answer Correct ?    3 Yes 1 No

Post New Answer

More Accounting General Interview Questions

Calculation of closing Stock give example?

25 Answers   ABC, Accounting, Crossdomain, EDS, FAIM, Set Trade,


If a company pay salary all the employee by seprate cheque and all the employee registed in pf & esi so what is journal the journal entry in tally? and what i create all employee a/c in tally?

5 Answers   IBM,


Why SAP Fico module is given more importance than Tally & other softwares

2 Answers  


what is surcharge on which purpose is used please explain

1 Answers   Wipro,


What is a bank account balance?

1 Answers   Accounting, ICICI,






Entry Tax is Central Income or State Income. Which Challan this tax deposited ? In Sale Tax Return which column is shown this tax

0 Answers  


How Can We Differ Horizental & Vertical Balace Sheet? Explain.

0 Answers  


What is capital?

8 Answers  


if we have taken Mobile phone for employees use ,can we taken as assests for the company ? then what is the deprecation rate ?

6 Answers  


whtat is suspenses account

6 Answers   Su Kam,


MY QUESTION IS OUR EMPLOYEE PAID SCHOOL FEES & TUTION FEES & BUS FEES FOR CHILD EDUCATION. IN WHAT KIND OF FEES WE TAKE DEDUCTION UNDER 80 C.

2 Answers  


on the basis accounting,acounting is divided in to how many classes and what are they?

0 Answers  






Categories