Goods in transit

This query is : Resolved 

22 April 2014 Company have import goods but on 31st march 2014 goods in sea (in transit) how can its account treatment in books of account

22 April 2014 you book when goods recd. in your premises.


22 April 2014 but in balance sheet where it is effected

23 April 2014 you are not recd. goods then no question of show in balance sheet.


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