Hai, I have a doubt.. I usually show purchase of software under fixed assets. My friend says it is an expense because the original right with someone. She says it has to be shown under indirect expense.. Is that true? Pls clarify my doubt..
Bye
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Purchase of software
Replies (5)
hi friends
purchase of software must be considered to fixed assets
because it will be usefull for more than a year
hi friends
purchase of software must be considered to fixed assets
because it will be usefull for more than a year
I had similar doubts. One of the CA club members suggested that I refer the below mentioned link :
https://www.caclubindia.net/Judiciary/judiciary_detail.asp?judiciary_id=352
Please refer the above link to give you better understanding of the issue and its resolution.
PLEASE REFER AS-26 INTENGIBLE ASSETS FOR THIS PURPOSE.
Anil
Thanks for the Info.
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