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

Answer Posted / 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



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

i have selected jr. accountant/ auditor in ssc graduate level 2008 scheme b. but i have not yet received deptt. memo and also appointment letter. when it will be come??? how much time???

1512


formula of reduction in tax credit of vat form 201(gujarat)

3729


My company sent this party goods 62750 this goods is loss sundorbhan paribahan. how to create voucher

1742


record the following transaction in the various books of accounts F Black loan us $5000 paid by cheque.

3152


In the absence of any provision in the partnership agreement, profits and losses are shared (a) In the ratio of capitals. (b) Equally. (c) In the ratio of loans given by them to the partnership firm. (d) None of the above.

1918






"Trial Balance is not a comclusive proof of the accuracy of the books of accounts." Explain this statement and describe the errors which are not disclosed inspite of the agreement of trial balance.

2116


Mention the types of ledgers?

702


What is meant by calendar maintenance?

681


Tell me what is tally accounting?

3515


how to pass interest on security entries and salary payable entries in tally and how to maintain e-commerce company account please revert me ASAP its needful for me

865


The following are the list of Balances of SUNSHINE Company as at 1.2.2012 RM Land and building 450,000. Furniture and Fittings 35,000. Office Equipment 25,000. Motor Vehicles 75,000. Inventory 5,000. Trade Receivables 12,000. Trade Payables 8,000. Bank Loan 200,000. Bank 13,000. Cash in Hand 1,000. Capital 408,000.

1386


Define "book value" as applied to accounting

581


Explain me the difference between public and private accounting?

669


what is casual receipt? is it exmpted in income tax?

3345


What is icai?

691