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Cost of Normal Purchase Price and Cost of Replacement Price of the books on Koha LMS

Dear Sir / Madam,

I am very confused; The Actual cost would be entered (Cost of the books, normal purchase price and Cost, replacement price of the books) on Koha. When I receive the books and insert Price of the books at Koha Software, here Two box available (1. Cost, normal purchase price and 2. Cost, replacement price). I think, first option should be (1. Cost, normal purchase price) for actual price of the books  and second option should be (2. Cost, replacement price) for price of the books (without discount)!!

Please suggest me, what is correct ?

With regards

Sudhir Kumar

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Permalink Reply by Arvind Kant Singh on December 25, 2019 at 16:50

1. Cost, normal purchase price: Here one should write the actual price of the book without a discount.

2. Cost, replacement price: Here one should write the cost to be recovered from the user if he/she lost the book. In general, it is the actual price of the book without a discount + other administrative/miscellaneous charges recovered from the user for the lost book.

It is my perception, others may differ.

Permalink Reply by Sudhir Kumar Prajapati on December 25, 2019 at 17:27

Thank you so much sir.

Permalink Reply by Siddhartha Shankar Ray on December 26, 2019 at 21:25

Dear Sri Sudhir Kumar,

Thanks for your post.

In our University, we adopt the following criteria:

1)  Cost Price: The actual discounted price which denotes CTC (Cost-To-Company)

2)  Replacement Price: The gross amount or the Actual Catalogue Price in INR with mention of the Currency if the book is priced in Foreign Currency simply because we want to ascertain the actual INR on the basis of FCCR (Foreign Currency Conversion Rate)

Sincerely,

Siddhartha S. Ray, Calcutta

Permalink Reply by Sudhir Kumar Prajapati on November 18, 2020 at 21:47

Thank you so much Siddhartha Shankar Ray Sir.

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