In which financial year entry.

Hello sir, 

Sir bill date 31 march 2021 hai but goods received on 1st April, then entry kis F. Y. Me hogi plz guide. 

Replies (4)
Quick Summary
This discussion addresses a common accounting query regarding the correct financial year for an entry. The user has a bill dated 31st March 2021, but the goods were received on 1st April 2021. Advice suggests that if the invoice was issued before 31st March, it should generally be accounted for in that financial year, even if goods arrived later. However, for stock closing purposes, it's important to follow cut-off procedures and consider reconciliation.

If the invoice is already issued then it should be accounted before 31st March.

For stock closing purposes , you have to follow cut of procedures
31 March 2021

It depends upon your accounting practice aslo. 

Generally the supplier bills should be accounted for when you receive the goods i.e., 1st April 2022

You may account on 31st March and For closing stock purposes only you may get an issue..Make reconciliation for this

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 07 September 2026
CA Articles

Kothari Jain Patil & Chartered Accountants

Pune

CA Inter

View Details
Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details
Company
ARTICLESHIP 24 August 2026
Chartered Accountant Articles

Rohit KC Jain & Co

New Delhi

CA Inter

View Details
Company
29 August 2026
Chartered Accountant

Velionit Consulting PVT LTd

Mumbai

CA

View Details
Company
17 August 2026
Chartered Accountant with US GAAP Experience

Austin Med Solutions Pvt Ltd

Bengaluru

CA

View Details
Company
09 September 2026
Semi Qualified CA / CA Inter - 2 Groups Cleared

Getmyca Consultant Pvt Ltd

New Delhi

CA Inter

View Details
Company
Featured 11 September 2026
Audit Executive

RBSM Corporate Advisors Private Limited

Pune

CA

View Details
Company
27 August 2026
ACCOUNTANT

CHARUPREETI & CO

Noida

Graduate (Any)

View Details