Hi, We bought a software for our supermarket , the amount of RS 50000/- GST Not yet registered, software bought without GST.
What is the entry, Purchase entry, Depreciation Entry.........etc. (Want full entries and Life)
Thanks
faisal pari (Accountant) (46 Points)
10 December 2020Hi, We bought a software for our supermarket , the amount of RS 50000/- GST Not yet registered, software bought without GST.
What is the entry, Purchase entry, Depreciation Entry.........etc. (Want full entries and Life)
Thanks
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 10 December 2020
the entries are same amortisation to accumulated amortisation.
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 10 December 2020
Hi forgot, intangible asset is not included into fixed asset. Treat it separately and depreciate it.
Kutub Hamid
(118 Points)
Replied 11 December 2020