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.
U S Sharma
(glidor@gmail.com)
(21056 Points)
Replied 09 May 2011
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"
VIKAS KAPOOR
(MANAGER ACCOUNTS)
(143 Points)
Replied 09 May 2011
| 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
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
