A CHEQUE DATED 31.03.2009 IS RECEIVED ON 5.04.2009 is this cheque is to be accounted for in f.y. 2008-09 ?
If not then Why?
Plz reply
Thanx in advance
rahul agarwal (CA FINAL STUDENT) (134 Points)
22 March 2010A CHEQUE DATED 31.03.2009 IS RECEIVED ON 5.04.2009 is this cheque is to be accounted for in f.y. 2008-09 ?
If not then Why?
Plz reply
Thanx in advance
CA Anshu Agarwal
(B€ @LW@¥$ ]-[@Pp¥)
(1832 Points)
Replied 05 April 2010
it should be accounted for in financial year 2009-10.
CA Anshu Agarwal
(B€ @LW@¥$ ]-[@Pp¥)
(1832 Points)
Replied 05 April 2010
if this cheque is received in the noraml course of business, it is not a significant event for the purpose of AS-4.
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
