I am working in a software company, we are reselling CAD/CAM etc., software. Currently, we can download all software with any security but we should have authorization.
So once we get a order from the customer we will invoice to customer without getting purchase bill.
We will get the purchase bill in a month.
But as a year end 31st March 2010, we have billed to some of our customer in the month of March 2010 but we haven't recv., the bill but it will get in the month of April 2010. So please guide me whether we can account bill dated in the month of April 2010 in the Month of March 2010.
Also, if i am purchasing at CST 2% against C Form, bill dated April 2010 if i am accounting in March 2010. Can I issue C Form in the period 1st Quarter of 2010-2011.
09 April 2010
you cannot account april month bill in the month of March 10 . you can account in april 10 and issue C form in the first quarter of 2010-11.
10 April 2010
Sales done in the year 2009-10 and purchase against that should be accounted in the year 2009-10 only. Then what shall i do in the above case for purchase.
CAclubindia
