Answer Posted / 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

Tell me what a deferred asset is and give an example?

1122

---

all ques. related to accounts?

2138

---

what is payment written

2035

---

When we paid TDS on commission how will journal entry come

1430

---

In accounting equation what is the treatment of investment in shares??

1512

---

what do you maen by Expected rate of return ? Is there any formula for expected rate of return? what is systematic & unsystematic risk ? how to calculate both the risk?

2050

---

what is the difference between profit center area and business are.? please make me clear.

2466

---

Our is a banking Activity, one person is supplying printing advertisement sheet of our product, whether he is liable to deducte TDS @ 1%

1782

---

What is the networth percentage observe by banks

2039

---

what are your current financial and accounting projects? What is your role?

2867

---

how many times we can deposit the old currency in one a/c in the bank

2178

---

What is definition of a cash float in accounting?

1164

---

What is Bank Reconciliation Statement? How to calliculate in tally erp9.0?

2469

---

Tell me what is working capital?

1127

---

when & how interest on unsecured loan is calculated?

1907

---