LIS Links

First and Largest Academic Social Network of LIS Professionals in India

Latest Activity

RP Raaj shared a profile on Facebook
11 hours ago
prema updated their profile
11 hours ago
Vikram Jain replied to Vikram Jain's discussion Call for Chapter Contribution in Editorial Book "Artificial Intelligence Connect: Empowering Education & Enabling Libraries"
yesterday
Abdullah al-Modabber updated their profile
Wednesday
Fazal posted a status
"🎓 Decode DDC with AI: Smart Classification 🗓️ Date: 31st August 2025 ⏰ Time: 06:30 – 08:PM Register: https://forms.gle/uuNBECwesduV2fjd6"
Wednesday
YOGESHKUMAR HARILAL LAD is attending komal patel's event
Thumbnail

National Conference on Re-Imagining Libraries of Viksit Bharat 29-30 AUGUST 2025 at Bhopal

August 29, 2025 at 10am to August 30, 2025 at 5pm
Wednesday
LAITHANGBAM NEPOLEAN SINGH shared Ravithimmegowda's discussion on Facebook
Monday
LAITHANGBAM NEPOLEAN SINGH updated their profile
Monday
Dr. O Seshaiaih and Sumit Sundar Ray are now friends
Monday
Sumit Sundar Ray updated their profile
Sunday
Bristy Handique updated their profile
Jul 19
meghabat singh updated their profile
Jul 18
Elukoti Bhosle updated their profile
Jul 18
DEVI SHANKAR DINGARA updated their profile
Jul 17
ASHUTOSH KAG updated their profile
Jul 17
Dr. U. PRAMANATHAN posted discussions
Jul 16
Dr. U. PRAMANATHAN posted blog posts
Jul 16
Dr. U. PRAMANATHAN is now friends with Ramesh Kumar and Suraj Morya
Jul 16
Archanagita Saikia posted a discussion
Jul 16
Manju Meerwal joined Dr. Badan Barman's group
Jul 16

How to Write Price in Accession Register for Foreign Books

How to Write Price in Accession Register for Foreign Books. Should we enter symbol like $ or it should be in the INR.

Facebook

Views: 553

Reply to This

Replies to This Forum

Please, always mention in the INR by converting in INR.

The problem with foreign currencies is that an institution may have a bank account to transact in $ but an ordinary person may not have a bank account in dollars. And, vendors also do not prefer foreign currency transaction because of this reason.

So, book payment always in INR. 

Thanks. 

As per current dollar rate convert  it to Rs and enter it into Accession Register.

write the converted value in indian rupees & also can write in bracket foreign currency .

Should write MRP or discounted rate sir

always we should enter MRP only 

Yes MRP should be entered in Acc Register

Dear Pandey

When you received foreign books go and check GOC (Good Office Committee) conversation rates. Probable monthly once GOC(Good Office Committee) update conversation rates in website. So as per invoice date of books you can convert Dolor/Pound in to INR and same enter in Accession register.

Dear Sri Pandey Virendra Kumar,

Thanks for your post.

As per my opinion, it is safe to write the cost of the book in INR  with actual foreign currency price in bracket. They are Gross/Publishers' Price of the book. Simultaneously write the actual amount paid that is discounted price. Accession Registers readily available in market often do not have coloumns for such headings. As such, the best way is to devise your own Accession Register with desired headings with their individual width and get a suitable printer/binder. Alternately,  prepare a soft copy of Accession Register in simple Excel format with requisite coloumns with requisite width.

With modern ILMS the Accession Registers are also included in their fold. check with them while ordering.

I am explaining reasons behind my opinion (to record Foreign currency price)

Suppose you bought a book in 1985 with $30.00 while you paid Rs. 391.50 (USD @Rs. 14.50 & discount of 10% as per GOC) for the book. Now, if  you did not keep record of foreign currency cost & the book is lost by any individual what amount will you charge? You can very well charge the actual cost price you have paid ( CTC) of Rs. 391.50 and the individual deposits the amount and the matter settles. Now after a few months you need to buy a copy of the book with the same valuation ($30/-)  you will be charged to pay on the basis of existing FCCR (Foreign Currency Conversion Rate) @Rs. 74.30/US$. If now, you bargain for 25% discount, then the actual cost (CTC) will be 1671.75 or Rs. 1672.00  In case you are in Govt. funded institution and this fact comes to the notice of Audit party, instantly you will be asked to explain why did you accepted Rs. 391.50 or 392.00 and left the individual Scott Free while the actual CTC is more than FOUR Times as of now. After many arguments about depreciation, book recorded before your joining, etc. if the matter is somehow settled but the anxiety and agony you will be subjected to for a couple of days/weeks will be enormous!! So as I personally feel, it is always better to remain on the safe side.

Hope I could explain the issue to your satisfaction.

Sincerely,

Siddhartha S. Ray, Calcutta

RSS

© 2025   Created by Dr. Badan Barman.   Powered by

Badges  |  Report an Issue  |  Terms of Service

Koha Workshop