Fixed assets purchase invoice
This query is : Resolved
25 June 2014
If the name of the co is X & Sons Pvt Ltd and the bills for assets purchased are only in favour of X or X jewellers , will that be a problem? From an audit point of view is this point material?
25 June 2014
Yes it will be a problem. Asset should be in the name of owner. It is a very vital point.
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