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1. purchase of tally software is treated as assent or
indirect expenses , then underwhich group it comes on tally
2. outstanding expenses is under what group in tally
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Answer Posted / subbu
You can not capitalised as the license valid for one year. you can account it as expense.
If the license is valid for more than 1 year than it shall be capitalised and shall be amortised at the end of the every year in which its license remains valid of relevent amount......
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