How do I account for Board Portal Software Purchase which has annual subscripttion fee?
Should I expenses it off or is it an intangible asset that needs to be capitalized?
1 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 24 March 2021
It should be expensed off in Profit and loss as it is an cost associated with intangible assets
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