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Fixed assets

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Querist : Anonymous

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Querist : Anonymous (Querist)
14 March 2015 Dear expect

We purchase on fixed asset as on 1/03/2015 but we received bill on 13/03/2015 what my dubt is we make the entry purchase bill date or purchase bill received date?
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Basant Jajoo

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Basant Jajoo (Expert)
14 March 2015 Bill date is to be considered. Receipt of Bill later in time does not affect the substance of the transaction

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