Stock stolen from shop

This query is : Resolved 

19 September 2011 THANK U VISHRUTH GARU
ACTUALLY MY PROBLEM IS LIKE THIS- (1)I HAVE CREDITED PURCHASES BECAUSE THE STOCK STOLEN
(2) STOCK STOLEN(UNDER GROUP EXPENSES) DEBITED-- AND-- PURCHASES CREDITED
(3)SIR STOCK STOLEN IN FY-2010-11(AY2011-12),CASH RECEIVED IN THE FY-2011-12(AY2012-13).NOW I AM FILING INCOMETAX RETURNS UPTO 31.03.2011 FOR 2010-11 , ,CAN I SHOW RECEIPT OF AMOUNT IN 2010-11 RETURNS.
(4)CASH RECEIVED FOR THIS CASE WHEN I HAVE TO SHOW 2010-11 OR 2011-12 FY
PLEASE HELP ME

19 September 2011 not clear that cash received against what? if its insurance claim for stolen goods, then provision must be made for insurance claim in the year 2010-11 and neutralized in 11-12



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries