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Cash purchase of computers

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24 October 2012 One of my client running an Institute. Recently, He purchase computers of Rs.250000 cash from New Delhi.
He is also having cash bill from that computer firm. Tell me does he post this entry in accounts books by one whole cash entry or by cash entries of less than 20000 thousand ? reply.
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Dintakurthi Tirumala

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Dintakurthi Tirumala (Expert)
24 October 2012 If such expenditure is capital nature then he can post as only one entry. Because of section 40A(3) doesn't apply to the fixed assets.

OM SAI SRI SAI JAI JAI SAI
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@VaibhavJ

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@VaibhavJ (Expert)
24 October 2012 HI

If Invoice is for more then 20K then how can you account for less than 20K.

Rgds//Vaibhav
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