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.
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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 | ||
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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" |
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what about consumption entry which is entered by store when they received the goods and issue for consumption
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