Saurabh

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22 Points Posted on 23 September 2018

Dear all,

My question is 

I  transferred - 3 lac on 27-3-18 to a pvt firm for purchase of goods

The firm gave me credit of 2 lac for 7 days and dispatched

goods worth  Rs 5 lac billed and dispatched on 28-3-18 

I paid the remaining 2 lac on 3-4-18

What will be my entry in balance sheet as on 31-3-18

Thanks and Regards

 

 

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On 23 September 2018 at 22:20 Report
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Posted on 23 September 2018
Rs.2 Lac payable to party which is comes in balance sheet sundry creditor.
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On 23 September 2018 at 22:27
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Posted on 23 September 2018
If any stock available as on date than its also reflected in closing stock
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On 23 September 2018 at 22:28
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Expert
251 Points Posted on 24 September 2018

Agreed with Ratanu Sir...

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On 24 September 2018 at 11:48

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