Fixed assets
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 March 2015
Dear expect
We purchase on fixed asset as on 1/03/2015 but we received bill on 13/03/2015 what my dubt is we make the entry purchase bill date or purchase bill received date?
We purchase on fixed asset as on 1/03/2015 but we received bill on 13/03/2015 what my dubt is we make the entry purchase bill date or purchase bill received date?
14 March 2015
Bill date is to be considered. Receipt of Bill later in time does not affect the substance of the transaction
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