Prior period purchase bills

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

29 August 2011 If the purchase bills are received next year also the setoff has been claimed in the next year where to account for purchase this year or previous year.

VISHRUT

VISHRUT (Expert)
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29 August 2011 Purchase must be accounted on accrual basis only.

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