capitalised the amount

This query is : Resolved 

08 October 2009 IF COMPANY INCURRED rS.60000/- FOR PURCHASE OF 24 CHAIR .THIS EXPS SHOULD BE CAPITALISED & ORGINAL BILL IS REQUIRED OR ONLY RECEIPTS WILL BE ENOUGH FOR CAPITALISATION THE EXPS.

08 October 2009 Considering the value of transaction, receipt is required

16 October 2009 What exactly do U mean by receipts???

Considering the value, and the fact that new chairs have been bought U will have to capitalise it whether or not U have the original bill with u.

If U have the delivery challan, showing Qty, make and value of the goods and proof of payment of Rs. 60,000/-. They will be good as supporings, but if u Know the party why not get a Duplicate bill from them.




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