WINDOWS SOFTWARE PURCHASES FROM MICROSOFT BY PAYING A
CHEQUE OF RS. 35000/- FROM AXIS BANK LTD. PASS THIS JOURNAL
ENTERY
Answer Posted / mangesh shukla
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 |
Post New Answer View All Answers
What are the accounting events that are frequently involved in compound entries?
cheque deposit is a contra entry?
Explain me what do you think is bank reconciliation statement?
Equipment A has a cost of Rs.75,000 and net cash flow of Rs.20000 per year for six years. A substitute equipment B would cost Rs.50,000 and generate net cash flow of Rs.14,000 per year for six years. The required rate of return of both equipments is 11 per cent. Calculate the IRR and NPV for the equipments. Which equipment should be accepted and why?
explain me what steps would you take to increase revenue for this company?
What can go wrong if you have a balance sheet with a lot of debt? What can go wrong if there is negative owner's equity? What does a good cash flow statement look like and why?
What is executive accounting?
we have a bill for billing software modification, i want to know that which head post this entry in tally & also tds applicable or not.
If a transaction was missed completly how do you find it?
Hey can any body tell me..What are negative assets?
Pls let me know Job profile for Account Manager.
In South Africa , the current rate for value added tax is ?
Can anybody tell me the steps involved in Budgeting / Forecasting generally..?. Hints would be appreciated highly.
if we have provision for bad debts and RDD then on which amount we have to calculate RDD original or deducted?
What is the difference in accounting and marketing?