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If a software is being purchased which can be used at its
own for the purpose of implementation of computerisation of
various customer accounting system. then what will be the
treatment for the same in accounts ??? whether it will be
considered as intangible assets or inventory?
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Answer / kavitha
it will consider as tangible assets and we can claim
depreciation at the same rate which we use for computers
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I PURCHASE A GOODS FROM OUTSIDE STATE WORTH RS.50000 & PAY FREIGHT RS.5000 PAY 2% C.S.T RS.1000 INVOCE VALUE SHOWN TOTAL=56000 ST-38 FORM VALUE RS.56000. DOES WE INCULDE THE FREIGHT ENTRY. WHAT ENTRY WE WILL DO. PLEASE
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