Accounting
This query is : Resolved
09 May 2012
The bill date is 31-03-12 but matreial received on 1-04-12. in which year transaction will be accounted for ? what would be the satatus of material on 31-03-12 ?
09 May 2012
The transaction should be recorded in the F.Y. 2011-2012. The status of the material shall be goods-in-transit
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