Software Assets or Expenses
RAMIZ MALEK (ACCOUNTANT) (45 Points)
12 September 2020So Is it Assets or Expenses for company??
RAMIZ MALEK (ACCOUNTANT) (45 Points)
12 September 2020
Sagar Patel
(Tax and Business Consultant)
(11611 Points)
Replied 12 September 2020
Rashmi Dalmia
(67 Points)
Replied 14 September 2020
It depends upon what kind of software it is , if it is a low cost accounting software, better to expense it off.
All other heavy duty softwares needs to be capitalised as intangible asset in books of accounts
NARAYAN
(proprietor)
(23 Points)
Replied 29 July 2023
How to make entry for the purchase of India Mart web services app in tally??