Cash purchase of computers
This query is : Resolved
rao girwar singh
(Querist)
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.
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.
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
OM SAI SRI SAI JAI JAI SAI
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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If Invoice is for more then 20K then how can you account for less than 20K.
Rgds//Vaibhav
Use thank button to convey your appreciation.
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