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
- 4286 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
Do you know company's payable cycle?
If a prospective client kept presenting you with excuses not to buy, what would you do?
Sir how the enter of GST adjust of sales return
A COMPANY IS SERVICE PROVIDE TO B CO. 100,000 AND CHARGED STAX 10000 TOTAL BILL RAISED 110000 AND RECIEVED 30% FROM B IN DECEMBER AND 40% RECIEVED IN 10JAN2011, BALANCE 40% RECD IN 10 FEB2011 WHAT WILL BE GENERATED ACCORDING ACCOUNTING PRENCIPLE OF BOTH SIDE (MEAN A &B) WITH REVANUE& PROVISION PLEASE TELL ME
What is creative accounting?
Where I can Found Cost Reduction Techniques Implemented by Various cement Companies
What is entry of Dishonored cheque issued to supplier
Tell me how you can adjust entries into account?
How will service tax & excise be charged?
whats difference between manufacturing account & cost account
My Brother is running a small business of Window glasses & Mirror etc. He needs Bank Loan (CC/OD Limit)against current account. So, I need a project report to apply CC Limit. Please Help me. My EMAIL ID is :- savichawla_1703@yahoo.co.in Kindly send the report to above ID ASAP. Thanks & Warm Regards Sarvpreet +919888669523
What is the double entry system explain its rules with examples?
The main financial accounting statements?
what is revenue recognition rule, and can you specify the answer.
HOW DOES THE ROLE OF THE MANAGEMENT ACCOUNTANT COMPLIMENT THAT OF THE FINANCIAL ACCOUNTANT
