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Classification of a/c head

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Querist : Anonymous

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Querist : Anonymous (Querist)
14 July 2012 Accounting software purchased

this is an expense or an Asset? Please clarify..
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BITTU SHARMA

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BITTU SHARMA (Expert)
14 July 2012 if your software expire with in one year than you should treat it as expenses
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CA Lokesh Pokharna

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CA Lokesh Pokharna (Expert)
14 July 2012 depends..provide full particulars of your case




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