A CHEQUE DATED 31.03.2009 IS RECEIVED ON 5.04.2009 is this cheque is to be accounted for in f.y. 2008-09 ?
If not then Why?
Plz reply
Thanx in advance
2 Replies
CA Anshu Agarwal
(B€ @LW@¥$ ]-[@Pp¥)
(1832 Points)
Replied 05 April 2010
it should be accounted for in financial year 2009-10.
CA Anshu Agarwal
(B€ @LW@¥$ ]-[@Pp¥)
(1832 Points)
Replied 05 April 2010
if this cheque is received in the noraml course of business, it is not a significant event for the purpose of AS-4.
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