Accounting of application software
Posted By :
Swayam kumar sharma /
Published on :
03-Jan-2019 10:36 AM /
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572 /
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Which Accounting Standard is applicable on application software developed by any company for the service of its customers ?
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software application accounting
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Dear Swayam,
Application Software is in the nature of Intangible Assets, hence AS-26 or corresponding Ind AS-38 (Intangible Assets) shall apply in this case.