The transaction was through MM and it was valuated.
The refund is received from Statutory Authorities and but cheque
received from Dealer.
Right now we have credited Vendor account for receipt of money.
Thanks......Manish
| | | ---------------Original Message---------------
From: Vidhya Dhar
Sent: Sunday, July 10, 2011 10:52 AM
Subject: Excise refund received after capitalising asset
Hi
How did you do the acquisition? Was it from financials or from MM (with Purchase Order)? In case you had created goods receipt note, then was it a valuated one or non-valuated?
Have you already accounted the vendor invoice with the inflated value ? or are you yet to account the vendor invoice?
What do you mean by refund of excise duty? Did you get a refund from statutory authorities or as a credit memo from the vendor?
More details are required, I suppose
Regards
VidhyaDhar |
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