Accounting entry required

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

02 November 2012 Dear All,
please note that i was purchasing portal from monster bill amount 120000/-bill date 01.11.12. Payment term 4 installment.1st installment date 01.11.12 & last installment date next financial year 01.08.12.And also
note that i have deducted tds.
How i will record in my accounts book.
please help.

Regards
Sanjib

@VaibhavJ

@VaibhavJ (Expert)
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02 November 2012 Hi

What is duration period of portal?

Rgds//Vaibhav
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@VaibhavJ

@VaibhavJ (Expert)
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02 November 2012 Hi

You have to debit Licence fees over the period of Licence Tenure & Credit Monster.com for booking of Expenses.

Rgds//Vaibhav
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