Can somebody please tell that what will be the accounting entry from auditor's point of view, If a company receive a bill of Rs. 12000 for AMC of Software for the period from 01.08.2014 to 01.08.2015. bill dated 01.05.2015, Can somebody please tell that what will be the accounting entry from auditor's point of view, If a company receive a bill of Rs. 12000 for AMC of Software for the period from 01.08.2014 to 01.08.2015. bill dated 01.05.2015, what will be entry pass in 01.05.2015 in tally
Answers were Sorted based on User's Feedback
Answer / ranjith moovari
Repairs and maintenance a/c ....Dr Rs.8000/-
Cash/Bank....Cr 8000/-
For 1-8-2014 to 31-3-2015 (8 months)
Prepaid expense.. Dr Rs.4000/-
To CashBank... Cr Rs.4000/-
For 1-4-2015 to 31-7-2015
Then on 1-4-2015 a reversing entry should be passed
Repair a/c
to Prepaid rrs.4000
Is This Answer Correct ? | 3 Yes | 1 No |
Answer / saroj_surendran@rediffmail.com
f7 journal
Repairs and maintenance a/c 8000 dr
prepaid repair and maintenance a/c 4000 dr
software maintenance co a/c 12000 cr
being bill received
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / hussein abdirizak
No we can't tel any one, because Auditor is as a Doctor, and Doctor can't able to tell others what he/she saw the patient , so that what ever Auditor seen in the accounting period can't share the others. or can't able to tel the company what they will put their accounting entry.
Is This Answer Correct ? | 0 Yes | 1 No |
Answer / navin kumar
01.05.2015 AMC for Software A/C Dr 12000
To Party A/C 12000
(Being bill raised by software company)
Is This Answer Correct ? | 0 Yes | 2 No |
when we have to use form 12ba in income tax with example
the bank returned S meyer cheque for R450. the cheque has been dishounerd because of insufficient funds, discount of R50 was allowed the account was settled
In tally software Alt+R ,Alt+u is used for?
Any body would tell me how to takeover withholding tax at the time of go live in sap fico
what is profit and loss(dr) in cash flow statement?
If we give a discount to any customer on our invoice & issue a credit note of discount than what will be the group of discount in tally. please suggest me.
What are the fictitious assets?
Genpect Interview
What is the entry for bank guarantee,
7 Answers Karadi Path, Levtech Consulting,
where outstanding debts being Rs 48000 and 20% considered to write off . pass jounal entry.
2 Answers Kalyani Forge, MCom,
Provisioned for electricity for the previous month's bill Rs. 8000 (pass journal entry)
what is profit & Loss Appropriation A/c. why it is prepered? what are its benefit for a company.