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STOCK IN TRANSIT ENTRY

This query is : Resolved 
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(Querist)
23 May 2011 I WANT TO KNOW THE BOOK ENTRY OF " CENTRAL PURCHASE , WHICH WE ARE PHYSICAL TAKEN IN APRIL11 INSTEAD OF MARCH DATED., THE INVOICE DATE ID MARCH 11.
" GROUP OF STOCK IN TRANSIT"
AND HOW I ENTER IN BALANCE SHEET "

THANKS
MAHESH
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U S Sharma

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U S Sharma (Expert)
23 May 2011 make normal purchase entry

for stock journal make a godown "stock in transit"

on actual date of receipt of materials, make stock journal from stock in transit to stock in hand.
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Pankaj Gandhi Jaiswal

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Pankaj Gandhi Jaiswal (Expert)
08 June 2011 Yes U S sharma is right
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