SUMIT SINGLA (CA FINAL) (26 Points)
24 June 2009hi friends
where goods are removed from factory on 25th march for jobwork and invoice for such job work is dated with 6th may, in which year such expense should be booked provided management has signed (finalised) the balance sheet on 1st may for conducting audit?
CA Jimmit D Mehta
(Employed)
(494 Points)
Replied 25 June 2009
AS PER MY KNOWLEDGE
SUCH EXPENSES SHOULD BE SHOWN IN THE YEAR IN WHICH INVOICE WAS MADE
CAclubindia
