Hello everyone
One of our client has Purchased a Software (SAP) who's price is in lacs , So my Query is that should that cost Be CAPITALIZED in the books of recorded as an Expenditure in the books..?
Thanks alot in advance.. !
Hello everyone
One of our client has Purchased a Software (SAP) who's price is in lacs , So my Query is that should that cost Be CAPITALIZED in the books of recorded as an Expenditure in the books..?
Thanks alot in advance.. !
The cost of the software should be capitalised.
And the cost of maintaining the software would be treated as a revenue expnditure.
CAclubindia
