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Poonam Lohiya
(Querist)
13 April 2015
sir
i received free quantity from my company..which i received in april month but it is of march month.....quantity is at nominal rupee 1 or 2 rupee.......how to account for it...should i account it in march or april and how??????please reply
i received free quantity from my company..which i received in april month but it is of march month.....quantity is at nominal rupee 1 or 2 rupee.......how to account for it...should i account it in march or april and how??????please reply
CA AnKiT BoHrA (AB)
(Expert)
13 April 2015
i didnt understnad ur query clearly..
you received or the co received ??
and u received from the company then for which accounting u asking... for company or for urself
you received or the co received ??
and u received from the company then for which accounting u asking... for company or for urself
Poonam Lohiya
(Querist)
13 April 2015
sir i m asking for myself.....i m the distributor...how to make accounting in my books
CA AnKiT BoHrA (AB)
(Expert)
13 April 2015
we usually enters it in our financial books at Rs 1 all items received as FOC...
So u can add it in stock at nominal value ..
If you had received them in april, u can enter them in current year books...
So u can add it in stock at nominal value ..
If you had received them in april, u can enter them in current year books...
Poonam Lohiya
(Querist)
13 April 2015
so you mean to say i should enter in purchase at nominal value of rs.1...........i want to ask quantity is received of march and received with april months bill so can i enter it in march
CA AnKiT BoHrA (AB)
(Expert)
13 April 2015
in mah view you cant.. because u hadnt received it in april...
let other expert give their views...
because mah personal experience says that we cant do it.. and the better view wil b to show in april as u had received it in april months bill
let other expert give their views...
because mah personal experience says that we cant do it.. and the better view wil b to show in april as u had received it in april months bill
Poonam Lohiya
(Querist)
13 April 2015
thanks...............
Poonam Lohiya
(Querist)
13 April 2015
waiting for other experts reply on it........
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