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.
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.
CAclubindia
