If I paid advance to party in March 25, and gst bill be generated in April 25. So this payment was consider as income or not
If I paid advance to party in March 25, and gst bill be generated in April 25. So this payment was consider as income or not
No. It will be considered only in April month,
Advance outsatnding as on 31st march is Balance sheet item.
Hence, not required show as income in P & L report.
CMNITY HIRE
New Delhi
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Sri Aurobindo Gnostic Centre of Education
New Delhi
CA
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Rahul Dang & Associates-Chartered Accountants
Pune
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