Suppose we purchase any Software for company.
So Is it Assets or Expenses for company??
It depends upon what kind of software it is , if it is a low cost accounting software, better to expense it off.
All other heavy duty softwares needs to be capitalised as intangible asset in books of accounts
How to make entry for the purchase of India Mart web services app in tally??
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
