Capital or revenue expenditure
This query is : Resolved
30 March 2016
If I have purchased 3 Laptop of Rs. 160000,After some days MS office software purchased of Rs. 78,000/- and Tally software of Rs. 10,000/-,what would be the accounting treatment in financial books of accounts.If software to be capitalized then what would be impairment
30 March 2016
DEAR
EXPENDITURE DONE TO PURCHASE LAPTOPS WILL BE CAPITALIZED.
AND EXP. DONE TO PURCHASE SOFTWARE WILL BE DEBITED TO PROFIT AND LOSS A/C
EXPENDITURE DONE TO PURCHASE LAPTOPS WILL BE CAPITALIZED.
AND EXP. DONE TO PURCHASE SOFTWARE WILL BE DEBITED TO PROFIT AND LOSS A/C
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