Can you pls guide me how to make entries of Software exps.....????
2 Replies
PRATEEK MANOCHA
(CA FINAL Result Awaited)
(43 Points)
Replied 20 November 2012
In regard to software expenses,
Computer Maintenance A/c dr
To bank/party
If that expenses increases the efficency, then it wil be capitalized
Bhaskar Unnikrishnan CPA CMA
(Accounts / Administration)
(414 Points)
Replied 22 November 2012
I dont think it is maintenance expense for A/c purpose. Rather have to follow AS 26 as you are going to use it for more than a year:
Have similar discussion in following link:
/forum/antivirus-software-is-a-prepaid-expenses-or-assets--176336.asp#.UK27xuQ3tc1
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