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Regarding goods return

This query is : Resolved 
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(Querist)
27 January 2012 Hello Freinds,

I Would like to ask you that if sold goods during particular financial year (i.e.FY 2010-11) is returns in next finacial year(i.e.2011-12) than how to show in books of accounts, by making credit note or showing it as purchase ????

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CMA Ashutosh Kumar Gupta

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CMA Ashutosh Kumar Gupta (Expert)
30 January 2012 Its' not a purchase in the Current FY but an increase to stock by way of return of prior period necessiating the revision of return with a brief note to that effect.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
17 July 2023 "Sorry, I am not a featured member."

For featured members contact....

https://www.caclubindia.com/catalogue/featured.asp
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