Which financial year transaction fall into ?
This query is : Resolved
15 February 2017
Consider 3 scenario as below:
1) Invoice raised on 1MAR2016 for the services rendered for the period 1Feb16-28Feb16. Payment received on 3APR2016.
2) Invoice raised on 31MAR2016 for the services rendered for the period 1Mar16-31Mar16. Payment received on 20APR2016.
3) Invoice raised on 1APR2016 for the services rendered for the period 1Mar16-31Mar16. Payment received on 20APR2016.
Which financial year above transaction 1, 2 and 3 falls into ? 2015-16 or 2016-17 ?
1) Invoice raised on 1MAR2016 for the services rendered for the period 1Feb16-28Feb16. Payment received on 3APR2016.
2) Invoice raised on 31MAR2016 for the services rendered for the period 1Mar16-31Mar16. Payment received on 20APR2016.
3) Invoice raised on 1APR2016 for the services rendered for the period 1Mar16-31Mar16. Payment received on 20APR2016.
Which financial year above transaction 1, 2 and 3 falls into ? 2015-16 or 2016-17 ?
15 February 2017
All above transaction are falls under 2015-16.
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