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Regarding booking of a stock receipt on last day of fy

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(Querist)
23 April 2014 A question was asked to me on an interview.

If an item was delivered to a company on 31.03.2013 (last day of FY) with out a bill and the books need to be finalised on 05.04.2014, what will be the procedure ... whether we will account in 31.03.2013 or we will wait till the bill receives.
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Rupesh Jain

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Rupesh Jain (Expert)
23 April 2014 you have to book the bill when you recd. material in your premisies.
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