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
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Computer software upgradation
Replies (6)
updation cost will be a revenue expenditure as it is recuring expeneses
Technical Service[Ind. Expenses] is to be debited.
agree with above.
agree with above.
Being updation of the software is a recurring nature so technical service account should be debited & should be charged to revenue account instead of caplitalizing the same....
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