13 November 2014
Dear sir , i am working in automobile show room . there is transit period of 7 to 10 days for delivering the goods from Gurgaon to Hyderabad with invoices . which should i take invoice date or receiving date for posting the purchase bill as per accounting standard.
13 November 2014
It depends on the sales order received by you. if the sales order term mentioned as once delivery confirmed by the buyer then once receipt confirmed by the buyer you can recognize the sale. else once dispatch the goods you can rcognise
CAclubindia
