Which head should be debited?

A/c entries 371 views 2 replies
User Avatar

Assistant manager
430 Points Joined March 2013

Dear all

Please tell me , If Company have made an expenditure amounting Rs.11,000 for software development for recording of any data but against which I have not found any invoice due to negligence of account deptt.

So my question is where I Should present it. Wheather in Revenue or Capitalise the same?

Regards

Pradeep Kumar

 

 

0 Reply Share Follow
On 15 May 2014 at 19:11 Report
Replies (2)
User Avatar

student
28 Points Joined August 2012

If the benefit was enjoyed by company for more than one year then you should capitalise otherwise charge it off to P&L.

1 Reply
On 16 May 2014 at 07:06
User Avatar

JOB
901 Points Joined November 2008

Correct... 

Reply
On 19 May 2014 at 16:58


CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading