Accounting treatment
This query is : Resolved
22 March 2017
A co. pays Rs. 1800000/- to another co. for modification in his accounting software to enabling his accounting according to GST.
Whether this expense should be charged to p&l or capitalise or treat as deferred revenue expenditure.
Please suggest
Whether this expense should be charged to p&l or capitalise or treat as deferred revenue expenditure.
Please suggest
24 March 2017
U must capitalise that amount. U must transfer that amount to computer(Assets).
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