1) Invoice raised on 1MAR2016 for the services rendered for the period 1Feb16-28Feb16. Payment received on 3APR2016. 2) Invoice raised on 31MAR2016 for the services rendered for the period 1Mar16-31Mar16. Payment received on 20APR2016. 3) Invoice raised on 1APR2016 for the services rendered for the period 1Mar16-31Mar16. Payment received on 20APR2016.
Which financial year above transaction 1, 2 and 3 falls into ? 2015-16 or 2016-17 ?
CAclubindia
