a proprieter company purchase a software what is the
journal entry in tally ?
Answers were Sorted based on User's Feedback
Answer / zubair_glad24@yahoo.com
Dr software a/c dr
To cash a/c
Is This Answer Correct ? | 20 Yes | 2 No |
If software purchase in cash then
By computer software a/c Dr
To cash Cr
If software purchase on credit then
By computer software a/c Dr
To Party Name (from where purchase)Cr
Is This Answer Correct ? | 13 Yes | 1 No |
Answer / sandeep
software a/c dr *****
to cash a/c cr *****
( Being software purchased)
Is This Answer Correct ? | 12 Yes | 1 No |
Answer / shiv koul
if software is purchased on cash then
software a/c dr
To cash a/c
if software is purcahsed on credit
sofware a/c dr
To suppliers name
suppliers means credtior, vendor, party's name
Is This Answer Correct ? | 6 Yes | 0 No |
Answer / anil prasad
Assets A/c __________Dr
To Software Co.______Cr
(Being software purchased)
Software Co. A/c ____Dr
To Cash / Bank A/c __Cr
(Being payment against Invoice)
Is This Answer Correct ? | 3 Yes | 0 No |
Answer / k. phalguna rao
SOFTWARE A/c Dr
to Cash A/c
Narration: being sofware purchased by cash beacuse there
was not mentioned any supplier name hence we have to take
as cash transaction)
Is This Answer Correct ? | 4 Yes | 4 No |
Answer / hari
By.software a/c...Dr
To.Bank /Cash...Cr
(Being Purchased Software)
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / neeraj mishra
Software A/c ....Dr.
To Party Name....Cr.
(Being provision made for purchase of software).
Party Name A/c ....Dr.
To Cash/Bank A/c....Cr.
Is This Answer Correct ? | 0 Yes | 1 No |
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