Interested to Buy Any Domain ? << Click Here >> for more details...
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
- 4 Answers
- 4345 Views
- Nubis, I also Faced
- E-Mail Answers
Answer Posted / 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 |
Post New Answer View All Answers
What is fair value accounting?
were you happy with the grades you achieved at a-level?
Entries to revenues accounts such as service revenues are usually?
What is executive accounting?
Describe the proof of cash type of bank reconciliation?
sale cycle
what is service tax & excise? How will it be charged?
when an amountis declared as NPA by a bank whether any interest can be debited to that account after the date it is declared as NPA ? What are the guidelines of Reserve Bank of India in this respect ?
what is a corporate chart of accounts and its purpose?
what is the difference b/w carpet area,covered area and build- up area and how it is calculated.......
what is profit maximisation
what is the treatment for employee contribution and employer contribution in in pf in accounts under which head??
What are the 5 basic accounting principles?
I want to know accounting information in oracle apps projects costing module. i.e Which account is cr and which account db. Please help me.
how to calculate ESI,PF,PRO.TAX, INCOME TAX, VAT, T.D.S, EXCISE PLEASE SAY ANSWER IN DETAIL WITH PROPER UNDERSTANDING PLEASE SAY THROUGH WITH EXAMPLE
