Q1. If sales invoice raised in March 19 but actual dispatch in April19 if we reversing sales how to show Sales in 19-20
Kindly do the needful
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Sales Revenue
Replies (2)
The journal entries passed on 31.03.19 would be :
1. Sales A/c ___Dr. 100 -
To Sales in Transit (Stock) A/c - 100
2. Sales in Transit (Stock) A/c __Dr 1
1. Sales A/c ___Dr. 100 -
To Sales in Transit (Stock) A/c - 100
2. Sales in Transit (Stock) A/c __Dr 1
Why You reverse the sales...?
You can book the sales in Mar-19...
You can book the sales in Mar-19...
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