Hi,
If we have receive an invoice on account of customisation of a software should we capitalise it or expensed off in books.
As per me it should be expensed off. Please confirm.
5 Replies
CA Kumar Mukesh
(CA CMA FINAL and Advance Excel Trainer)
(6881 Points)
Replied 12 January 2012
Yes you are correct
Hemant Kumar
(Accounts Manager MBA (Fin) CMA*)
(6450 Points)
Replied 12 January 2012
Ya its expensed off not capitalised.
chandra sekar
(Manager-Accounts)
(387 Points)
Replied 13 January 2012
Any new software can be capitalised, but when we do the customisation of the same software, we have to book it to revenue expenses.
Narendra choudhary
(mumbai)
(109 Points)
Replied 14 January 2012
Yes, this expenses written off not capitalised
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