22 April 2011
We use to dye our product from outside party. in a case we issue dying order on 25/3/2011, parties dilivery challan date is 2/4/2011, parties bill date is 5/4/2011, in which year exp to be debited FY 2010-11 or 2011-12.
22 April 2011
Just issuing a dying order is a non financial transaction. So in my view, the transaction should be booked in the FY 2011-12 in which party issued the bill.
CAclubindia
