rate diff bill
This query is : Resolved
Vishnu Davadaparmar
(Querist)
18 July 2011
I have received rate increase letter from my supplier for prise raise and it is effetive from 1/3/2011 how can we book if rate diff bills are received from supplier
it can be added to Profit as previous years expense
it can be added to Profit as previous years expense
CMA Ramesh Krishnan
(Expert)
20 July 2011
If the rate difference debit note raised by supplier in current date then you can account current year expenses
if the debit note raised in previous year date. need to account as prior period item
if the debit note raised in previous year date. need to account as prior period item
Vishnu Davadaparmar
(Querist)
24 July 2011
thanks sir and good day
vishnu
vishnu
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