CAN WE DEBIT THE PURCHASE A/C IN 31-3-2011 FOR THE MATERIAL WHICH IS RECEIVED BY US IN APRIL 2011, BILL DATE IS 31-3-2011.
Menu
Purchase
Replies (4)
yes, purchase would be posted in the year of issue of bill, in stock a/c the stock will display
Main Head "closing stock" sub head " stock in transit"
yes you can made the entry. and you will show the goods in transit
I AGREE WITH ABOVE REPY
| Originally posted by : U S Sharma | ||
 |
yes, purchase would be posted in the year of issue of bill, in stock a/c the stock will display Main Head "closing stock" sub head " stock in transit" |
 |
what about consumption entry which is entered by store when they received the goods and issue for consumption
Recent Topics :
- GST Return
- Practical queries on buy back of shares
- Any faculty recommendations for latest batch recor
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
Related Topics :
CAclubindia
