Purchase

VIKAS KAPOOR (MANAGER ACCOUNTS) (143 Points)

09 May 2011

CAN WE DEBIT THE PURCHASE A/C IN 31-3-2011 FOR THE MATERIAL WHICH IS RECEIVED BY US IN APRIL 2011, BILL DATE IS 31-3-2011.

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4 Replies

U S Sharma (glidor@gmail.com) (21063 Points)
Replied 09 May 2011

yes, purchase would be posted in the year of issue of bill, in stock a/c the stock will display

Main Head "closing stock" sub head " stock in transit"

(Guest)

yes you can made the entry. and you will show the goods in transit

Nayan Das (ACCOUNTS MANAGER) (981 Points)
Replied 09 May 2011

I AGREE WITH ABOVE REPY

VIKAS KAPOOR (MANAGER ACCOUNTS) (143 Points)
Replied 09 May 2011

Originally posted by : U S Sharma
	yes, purchase would be posted in the year of issue of bill, in stock a/c the stock will display Main Head "closing stock" sub head " stock in transit"

what about consumption entry which is entered by store when they received the goods and issue for consumption

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