EASYOFFICE
EASYOFFICE

FIXED ASSET OR REVENUE(indirect) EXPENDITURE

This query is : Resolved 
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(Querist)
09 April 2022 Hello Sir,


my query is regarding the passing of accounting entry

we have purchased a Software license for a period of 12 months
with Cost Rs.156000/-

now question is

1) whether this Rs.156000 will get

Debit -Software (under fixed asset)
To Supplier

or

2) whether this Rs.156000 will get

Debit -Repairs and maintenance ((under revenue (indirect expenses))
To Supplier

kindly note we are end users of this software & not reseller or distributor or redeveloper


Thanks in advance
Vasant Mahajani
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
09 April 2022 As software license is for 12 months,
debit -Repairs and maintenance ((under revenue (indirect expenses))
To Supplier

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