Journal Entry For Computer Software Purchase
A Computer Software is usually considered as an Intangib le Asset i n accou n ti n g as it has no p hysical existe nce. It needs operating systems to work effectively and h ence it is usually installed on Windows, Mac OS, Linux and ot her operati ng systems to work effectively. T he jour nal entry to record for t h e purc h ase of computer software is s how n b elow: Computer Software a/c XXX Cash a/c / Ba nk a/c XXX ...