Can you pls guide me how to make entries of Software exps.....????
Rajesh S Karkar (M.Com) (62 Points)
20 November 2012Can you pls guide me how to make entries of Software exps.....????
PRATEEK MANOCHA
(CA FINAL Result Awaited)
(43 Points)
Replied 20 November 2012
In regard to software expenses,
Computer Maintenance A/c dr
To bank/party
If that expenses increases the efficency, then it wil be capitalized
Bhaskar Unnikrishnan CPA CMA
(Accounts / Administration)
(414 Points)
Replied 22 November 2012
I dont think it is maintenance expense for A/c purpose. Rather have to follow AS 26 as you are going to use it for more than a year:
Have similar discussion in following link:
/forum/antivirus-software-is-a-prepaid-expenses-or-assets--176336.asp#.UK27xuQ3tc1
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