Amortization is concerned with intangible assets. The assets which we can’t see or touch but we can feel like patents and copy rights come under intangible assets. It is the part of capitalized expenditure and preliminary expenditure which is usually distributed over the number of years. It is also fixed by company’s law and it can rapidly change. Basically, in amortization the intangible assets are written off over the number of years.
From India , Hyderabad
We have making above tool in house.
Please advice what is effect in our balance sheet and secondly what is effect in monthly return ?
From India, Nashik