Purchase bill entry

This query is : Resolved

Pravin (Querist)
Follow

06 July 2013 Sir,
I always prepare sales & purchase summery to pay VAT payment (Monthly Basis).We are having Mercantile Acct System.I want to ask question that,after filing VAT challan for particular month i.e.January-2013, today (dt.06-07-2013)I have received purchase bill having date January-2013.Shall I enter this in current month (i.e.July-2013)?

Waiting for your reply.

Thanks,

Pravin.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

06 July 2013 If this bill was not shown in jan 2013 then u should show it in july but it will be against mercantile system of accounting as it should have been accounted in jan.

even for fy 2012-13 u need to pass entry as prior period entry in current year 2013-14.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok