Capitalise entry at the year end

Dear all,

I have purchased furniture of Rs. 20000 from wood works ltd. in june 2013 and done the entry
Furniture & fittings A/c         - dr.                  20000
            To     Wood works ltd.                         20000

Wood works ltd. A/c   -Dr.           20000
             To      Bank  A/c                                   20000

Is this entry correct , if yes then do I need to do any rectification entry for capitalisation as I already taken them in fixed assets as furniture.
At the F.Y. end, I am asked to capitalise the expenses entry.