Hi sir,
I met with a problem while preparing the financial statement of a servicing company.please advice me how to present the contract receipts which is not due but some cost has been incurred for the contract in the year itself.
sansheer (ARTICLE ASSISTANT) (39 Points)
21 March 2013Hi sir,
I met with a problem while preparing the financial statement of a servicing company.please advice me how to present the contract receipts which is not due but some cost has been incurred for the contract in the year itself.
raghavender upadhyay
(B.Com, LLB, CA FINAL)
(331 Points)
Replied 21 March 2013
you have to prepare separate head for such expenditure and transfer such expenditure to work in progress and show in the closing stock (work in progress)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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