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What we treat software purchase

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(Querist)
17 June 2014 Dear All
What we treat software purchase in accounting either Asset or Expenses
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
17 June 2014 It is based on life time. if the software usable for more than one accounting period then capitalise as fixed asset, if shorter life expenses it off accordingly

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