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capitalised the amount

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(Querist)
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.
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Badri Kharat

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Badri Kharat (Expert)
08 October 2009 Considering the value of transaction, receipt is required
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CA Anisha Ray

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CA Anisha Ray (Expert)
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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