hi friends
where goods are removed from factory on 25th march for jobwork and invoice for such job work is dated with 6th may, in which year such expense should be booked provided management has signed (finalised) the balance sheet on 1st may for conducting audit?
AS PER MY KNOWLEDGE
SUCH EXPENSES SHOULD BE SHOWN IN THE YEAR IN WHICH INVOICE WAS MADE
R P S K & Associates
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CA Inter
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Vardhaman Group of India
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Boutique Investment Bank & Transaction Advisory Firm
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CAclubindia
