Hi, We bought a software for our supermarket , the amount of RS 50000/- GST Not yet registered, software bought without GST.
What is the entry, Purchase entry, Depreciation Entry.........etc. (Want full entries and Life)
Thanks
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Software Purchased
Replies (3)
the entries are same amortisation to accumulated amortisation.
Hi forgot, intangible asset is not included into fixed asset. Treat it separately and depreciate it.
Is it a one time purchase fee or have to pay every year for renewal?
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