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Former Member
Jun 03, 2010 at 03:06 PM

Asset Acquisition without Invoice.


Hi Guys,

Whats the best practice if we have the asset ready but didnt get the vendor invoice. Should I use ABZON and put it in the clearing a/c or create the asset as CIP asset under construction and when receive the invoice then do the settlement.and what happens if vendor inovice has a different amount than the capitalized amount, Should I do subsequent acq. in that case.I tried to search t he forum but didnt get a direct answer for this.Thanks