Hi All,
We have billed our Franchisee and booked as sales,but we not delivered goods during the year 11-12.now, what its impact and how to show in the balance sheet .we cant reverse the sales?
Thanks in advance
Ashwin
Ashwin (Consultant) (142 Points)
14 April 2012Hi All,
We have billed our Franchisee and booked as sales,but we not delivered goods during the year 11-12.now, what its impact and how to show in the balance sheet .we cant reverse the sales?
Thanks in advance
Ashwin
lucky bhatia
(-)
(37 Points)
Replied 15 April 2012
there is nothing serious about it, if you want to show that you can show it in footer as a note.