Imported goods comes in godown on 02.04.2024.
But ocean freight bill & clearing forwarding charges bill came on 27.03.2024
Bill of entry date is 26.03.2024
Goods comes in 24-25 F.Y., but expenses occured in FY.23-24.
In fy 23-24 we considered ocean freight & CF. as direct expenses & and same considered in closing stock.
And goods received in fy 24-25 considered as goods purchase in 24-2Import5 books of accounts.
Is it right
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Import expense in 23-24 ,but goods received in 25-25
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https://docs.google.com/document/d/1hTAINUVXyW2fyN5WIx-WggsdzEn0yOj9OIk28IIq2Nw/edit?usp=sharing
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