Software updatation fees
This query is : Resolved
17 January 2013
I have a computer software, which is update every year. So, the updatation fees/charges which A/c to be debited. Is it Computer Software[Asset] or Technical Service[Ind. Expenses]. Plz help me.
Thanks in advance
Thanks in advance
17 January 2013
I think it should be debited to PL as Software Updation Charges and treated as an expense.
17 January 2013
computer software is as asset. however depends up on the facts of the case.
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