Booking of accounting entry
This query is : Resolved
14 January 2012
m/s xyz done high sea sale on december 2011 but they paid to creditors on january 2012 on purchase of same goods.
querry :
when m/s xyz book their sale & purchase of above in the books of account for vat purpose.
querry :
when m/s xyz book their sale & purchase of above in the books of account for vat purpose.
14 January 2012
The imported purchase as well as high sea sale has to be accounted in december 2011 itself.
14 January 2012
They have to record this sale and purchase on december 2011 itself.
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