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
The goods reachd my godown on 2-4-18 and i made a stock entry on that date
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
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