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(Querist)
04 July 2013 we purchased material in last year. but actual invoice received in may next year. how to book this bill now.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
07 July 2013 if you given provision for last year then reverse the provision and book the actual bills

incase no provision last year, then book as prior period purchase

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