Interested to Buy Any Domain ? << Click Here >> for more details...
if a proprieter farm purchase any software for account what
is the general entry ?
- 2 Answers
- 4986 Views
- I also Faced
- E-Mail Answers
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
What are the probable interviwe questions in SBI clerical interview ? I am having my interview on 30th april.
From the following particulars taken on 31 December, 1995, you are required to prepare a bank reconciliation statement to reconcile the bank balance shown in the Cash Book with that shown in the Pass Book: (i) Balance as per Pass Book on 31 December, 1995, O/D Rs 1,027. (ii) Four cheques drawn on 31 December but not cleared till January are as follows: Rs 12; Rs 1,021; Rs 98; and Rs 113. (iii) Interest on O/D not entered in Cash Book Rs 51. (iv) Three cheques received on 30 December and entered in the bank column of the Cash Book but not lodged in bank for collection till 3 January next: Rs 1,160; Rs 2,100; and Rs 2,080. (v) Cost of cheque book, Pass Book, etc; Rs 1.50 entered twice erroneously in Cash Book in November. (vi) A Bill Receivable for Rs 250 due on 29 December, 1995 was passed to the bank for collection on 28 December, 1990 and was entered in Cash Book forthwith whereas the proceeds were credited in the Pass Book only in January following. (vii) Chamber of Commerce subscription Rs 10 paid by bank on 1 December, 1990 had not been entered in the Cash Book. (viii) Bank charges of Rs 5 had been debited in the pass book twice erroneously. . . . plz be fast
Tell me in accounting, how do you define premises?
How calculate holding company account?
HOW WE MAKE A RESERVE AND AFTER ITS USE HOW WE NIL IT PLEASE MAKE A PROPER ENTRY.
in insolvency we have to prepare deficiency account but why we do not prepare this account as per general principle i.e Dr Cr To By etc , and deficiency account is which account?
Explain the concept of responsibility accounting
Scheme is given by a company to his distributors on sale of goods, what is the treatment of this scheme distributors hand Direct income or indirect income
Do you know what qualities and skills make an account manager successful?
Tell me what would you say are the most important qualities of an account manager?
What are premises in accounting sense? What is vat adjustment?
Explain what makes a successful account manager?
Define each Flexfeild qualifiers (natural accounts, balancing acc., secondary tracking, cost center)
What will be the journal entry of purchase and sale for ac purchased for 40000 vat 5% sold for 45000 vat5%
what is differnce between balance sheet of a bank & a company
