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WINDOWS SOFTWARE PURCHASES FROM MICROSOFT BY PAYING A
CHEQUE OF RS. 35000/- FROM AXIS BANK LTD. PASS THIS JOURNAL
ENTERY
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Answer / nichit pandurang
1)Asset Booked Thrg JV
Software (Asset)A/c Dr 35000
Micro soft A/c CR 35000
2)Payment entry to party
Micro Soft Dr 35000
Axix bank Cr 35000
| Is This Answer Correct ? | 19 Yes | 0 No |
Answer / musthafa
windows software (asset) a/c DR 35000
AXIS BANK A/C CREDIT 35000
| Is This Answer Correct ? | 16 Yes | 3 No |
Answer / sachin
(1)journul entry
Software (Asset)A/c Dr 35000
Micro soft.. A/c CR 35000
2)Payment entry to party
Micro Soft Dr 35000
Axix bank Cr 35000
| Is This Answer Correct ? | 4 Yes | 0 No |
windows software is assets of the company
journal entry
windows software dr 35000/-
microsoft cr 35000/-
payment entry
microsoft dr 35000/-
bank axis cr 35000/-
if above entry is wrong so plz give me correct entry
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / shiva
please tell me tha present rates of taxes and and
percentage of all taxes pleas please tell i need very
urgent i will be thank full to u plesa i waiting for ur
answers thank u my mobile no is 09848083705.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / shiji
Purchases a/c Dr
To Axis Bank a/c
(Being the software purchase made by cheque)
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / satish
windows software is not an asset. we cannot get money in future. so it should be treated as expenditure. we cannot sale the software to any other company.
the first entry is
software ac...dr
to microsoft ac (sundry creditors)
after payment through bank or cash
microsoft ac...dr
to bank (or) cash ac
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / vinay kumar
1) Booked assets by Journal
Software purchase A/c Dr. 35,000/- (Assets)
To Microsoft Co.A/c Cr. 35,000/- (Sundry Creditor)
(being software purchase to M/s Microsoft Co.)
2)Payment to Party(Sundry Creditor)
Microsoft Co. A/c Dr. 35,000/-
To Axis Bank Ltd. Cr. 35,000/-
(being purchase software paid by cheque)
| Is This Answer Correct ? | 0 Yes | 0 No |
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Audit 
