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date of entry

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(Querist)
21 June 2008 my client business of marbal& tiles etc.purchase from rajsthan purchase bill 28.03.08. purchase goods UP bordar cross 01.04.08 & entry in 31 form 01.04.08. purchase goods received 03.04.08.
accounting entry kis date me pass karege.pls tell me urgently
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Jitender

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Jitender (Expert)
21 June 2008 it depende upon accounting policy adopted by the client throughout the year.
if they record on receipt basis,then reord the purchase in f.y 08-09.
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PC-www.bharadwajinstitute.com

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PC-www.bharadwajinstitute.com (Expert)
21 June 2008 Record the transation on 28.03.08....but the closing stock should be adjusted with goods in trasit.....
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jaygulani

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jaygulani (Expert)
26 June 2008 it depende upon accounting policy adopted by the client throughout the year.
if they record on receipt basis,then reord the purchase in financial year 08-09. or if they record when goods purchased then enter in financial years 07-08
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