Regarding booking of a stock receipt on last day of fy
This query is : Resolved
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.
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.
23 April 2014
you have to book the bill when you recd. material in your premisies.
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