22 January 2018
company has issued Service Bill for F.Y 2015-16 in the year F.Y. 2016-17 company has reversal the bill therefore Revenue from operations for F.Y. 2016-2017 coming Negetive Where to Show Revenue from operations. in the Current year there is no new bill is issued so only reversal entry there in the FY 2016-17 Pls. Help.
22 January 2018
Show negative revenue in P&L and in schedule to P&L detail to be given as Sales ........ Less Sales return (of previous year)................... The closing inventory shall increase by the cost or realisable value of goods returned
CAclubindia
