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computerised accounting software

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(Querist)
04 June 2011 purchase of accounting software for manuffacturing company.
what is the accounting treatment.
should we take accounting software as fixed assest or treat as a normal ongoing expenses and debit to p&l account.
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prasad

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prasad (Expert)
04 June 2011 Such software expenditure shall be capitalised.
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Pankaj Gandhi Jaiswal

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Pankaj Gandhi Jaiswal (Expert)
05 June 2011 you can capitalise
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CA Sumat Singhal

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CA Sumat Singhal (Expert)
06 June 2011 Such expenditure should be capitalised under computer and softfare items....
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CA Sumat Singhal

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CA Sumat Singhal (Expert)
06 June 2011 Such expenditure should be capitalised under computer and software items....

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