Interested to Buy Any Domain ? << Click Here >> for more details...
Purchase bills of the previouse year received in financial
year explain treatment.
- 3 Answers
- 8044 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / surya vardhan
At the end of the year, normally accounts people creating a
provion for purchase bills not received but material
received. If bills are received in current financial year
they should revese the provision.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / sandy
Do entry as purchased entry and in narration please write
this entry is rectification error of previous year.
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / saji
The purchase bill entry must be brought forward in the
balance sheet of the previous year. the same should be
nullified in the current year balance sheet by reverse entry
| Is This Answer Correct ? | 0 Yes | 0 No |
Expand A O P
how can we prepare cash deposited in bank? how we can post it in tally? (i.e.at the place of Account what we have to post) (at the place of particulars what we have to post)
What is mean by Corporate accounts?
5 Answers Cooperative Bank of Oromia,
what is EDP reports?
example of aptitude ns
why share capital shown in liability side of a balance sheet
Give a brief explanation of the fundamental accounting concept of prudence
What is the theory for the balance sheet? Also how do you solve errors?
if i get rs.10000 pm as salary what is the pf rates ?
income tax refunds should be accounted for on cash basis or accrual basis
When Trial Balance match?
What do you mean by custodian/Depository, & what are the different types of Depository? (NSDL/CDSL)
Audit 
