Paiten purchese
Sayed Nabil (307 Points)
04 March 2024
what about paiten purchese entry in tally and how to treat account accordingly law and regulations please suggest
Sayed Nabil (307 Points)
04 March 2024
prasad Nilugal
( GST Practitioner & Accounts )
(14171 Points)
Replied 04 March 2024
What is the meaning of Paiten ? please Clarify . ( is it Asset or Stock purchase or other purchase ?)
Yasaswi Gomes new
(Finance )
(4484 Points)
Replied 04 March 2024
Dr. Patent- non current asset
Cr. Bank/Cash
for 3 to 5 years amortize it like
Dr. Amortization
Cr. Patent
and recognize DTA/DTL accordingly as per IT acts
prasad Nilugal
( GST Practitioner & Accounts )
(14171 Points)
Replied 04 March 2024
Yasaswi Gomes new
(Finance )
(4484 Points)
Replied 04 March 2024
@ Prasad Nidugal this isnt my query. That person wrote a mistake
prasad Nilugal
( GST Practitioner & Accounts )
(14171 Points)
Replied 04 March 2024
Yes , Mr Yasawi Gomes new , agree
For or Discloser in Financial Statement As 26 or Ind AS 38 ( Intangible Asset ) will applicable .
Yasaswi Gomes new
(Finance )
(4484 Points)
Replied 04 March 2024
Ok @ Prasud Nilugal, I thought this must be it as well. Im not sure about disclosures cause I rarely use them
prasad Nilugal
( GST Practitioner & Accounts )
(14171 Points)
Replied 04 March 2024
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