Capital assets in transit on 31st March
This query is : Resolved
18 November 2023
capital assets in transit on 31st March,
when to book in books of accounts as per accounting standard.
date of invoice or date of receipt of capital assets.
when to book in books of accounts as per accounting standard.
date of invoice or date of receipt of capital assets.
CA R SEETHARAMAN
(Expert)
18 November 2023
Based on date of invoice book it under capital goods in transit on receipt book it under capital goods.
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