Accounting of purchase
This query is : Resolved
12 July 2010
hello sir,
A co. imported goods on making of advance payment, so when should it book purchase i.e. at the time of making payment or when goods will be in its possession?
A co. imported goods on making of advance payment, so when should it book purchase i.e. at the time of making payment or when goods will be in its possession?
12 July 2010
when goods recd in your factory
12 July 2010
At the time of advance u make an advance payment entry and at the time of goods received against advance u make purchase entry.
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