Intangible asset
This query is : Resolved
03 May 2014
Renewal charges paid for tally software will be debited to p&l or added to the value of asset...?
03 May 2014
It will be debited to P&L A/c
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03 May 2014
Renewal charges can be debited to P&L A/c.
04 May 2014
No new asset was purchased hence it is revenue expenditure.
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