Sir,
Can sombody tell me
credit notes received from company not accounted in financial year 2009-10 and 2010-2011. can it be accounted in financial year 2011-12 . if can under what head?
pls guide
thanks
sushant
1 Replies
Bhushan Jaju
(Student)
(970 Points)
Replied 04 March 2013
the same can be accounted in the accounting year in which the company has recd note to give effect and to reflect correct balance of the other party..
Regards,
Bhushan Jaju
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