Tally software purchase
ASHISH ARAT (CA Finalist) (74 Points)
22 March 2021
Entry for tally purchased in the books of company. Is it treated as an expense?
ASHISH ARAT (CA Finalist) (74 Points)
22 March 2021
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 22 March 2021
It is capitalised.
Tally a/c - asset
To Bank a/c
then it is amortised as per the pattern of consumption. When one can’t establish it, use SLM amortisation.
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 22 March 2021
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
