a proprieter company purchase a software what is the
journal entry in tally ?
Answer Posted / anil prasad
Assets A/c __________Dr
To Software Co.______Cr
(Being software purchased)
Software Co. A/c ____Dr
To Cash / Bank A/c __Cr
(Being payment against Invoice)
| Is This Answer Correct ? | 3 Yes | 0 No |
Post New Answer View All Answers
What is the networth percentage observe by banks
What is a trial balance in accounting?
What is the entry for provision?
In which ways is math used in accounting
salary payable deduct tds entry
If i pay for general expense (and party provide me gst details) through credit card then how i can enter party details
The Tabula Manufacturing Company has been in business for one month. At the end of month the company had the following accounts: Materials used K 5 000.00 Direct labour 10 000.00 Indirect labour 3 000.00 Indirect materials 2 000.00 Labour fringe benefits 1 000.00 Supervisor’s salary 1 000.00 Depreciation Machinery 2 000.00 Miscellaneous factory overhead 1 000.00 Heat and light 500.00 Insurance on plant 1 500.00 The company processed two jobs during the month with costs as follows: Job 101 Job 102 Materials cost K3 000.00 K2 000.00 Direct labour cost K6 000.00 K4 000.00 Direct labour hours 4 000.00 3 000.00 Machine hours 2 000.00 1 000.00 The company does not use a predetermined rate for factory overhead. The rate is computed at the end of each month. Required Use both the direct labour hours and machine hours to compute: 1) The overhead rates for the month (5 pts) 2) The overhead cost for each job (5pts) 3) The total cost for each job (10 pts) 4) Briefly describe the difference between Job order and process costing, citing relevant examples (5 pts).
Tell me the stages of double entry system?
what is the rate of vat,cst,in mumbai
What is account in accounting?
Pass the journal entry: rent outstanding
What are the two most important Factor that should be kept in mind when there is a buy back of shares in companies as per indian companies act,1956
Plz Ask from me New Accounting Questions.
iv, A non -performing asset is A, Money at call and short notices b, An asset that ceases to generate income c, cash balance in till d, none of the above
What is definition of a cash float in accounting?