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Permalink Reply by Arvind Kant Singh on December 26, 2019 at 9:20

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.

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Permalink Reply by Sudhir Kumar on December 26, 2019 at 9:57

Thank you so much sir.

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Permalink Reply by Siddhartha Shankar Ray on December 27, 2019 at 13:55

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

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Permalink Reply by Sudhir Kumar on November 19, 2020 at 14:17

Thank you so much Siddhartha Shankar Ray Sir.

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