Dear all
Please tell me , If Company have made an expenditure amounting Rs.11,000 for software development for recording of any data but against which I have not found any invoice due to negligence of account deptt.
So my question is where I Should present it. Wheather in Revenue or Capitalise the same?
Regards
Pradeep Kumar
If the benefit was enjoyed by company for more than one year then you should capitalise otherwise charge it off to P&L.
Correct...
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Noida
CA Inter
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Bharat Shah & Associates
Mumbai
CA Inter
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PARV & Co.
New Delhi
CA Inter
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Saini Pati Shah & Co LLP, Chartered Accountants
Mumbai
CA Foundation
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CCI
Pro
CAclubindia
