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Purchase bills of the previouse year received in financial
year explain treatment.
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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 |
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