Hi any body clarify my doubt....
To say a client which deals in other than sales of software, has bought software for accounting purpose should it be capitalised ?
I want to clarify whether it is just for accounting use so can it be capitalised?
4 Replies
Vikas Gupta
(CHARTERED ACCOUNTANT)
(16295 Points)
Replied 30 January 2011
yes Accounting Software is a capital assets.
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