Fixed assets

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Querist : Anonymous

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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?

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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