Saurabh

saurabh pratap (2 Points)

23 September 2018  

Dear all,

My question is 

I  transferred - 3 lac on 27-3-18 to a pvt firm for purchase of goods

The firm gave me credit of 2 lac for 7 days and dispatched

goods worth  Rs 5 lac billed and dispatched on 28-3-18 

I paid the remaining 2 lac on 3-4-18

What will be my entry in balance sheet as on 31-3-18

Thanks and Regards