After closing the financial year i.e. 31st march.,
you have received a teliphone bill on dated 1st april
( And the bill was for the month of 1 mar to 31st march
i.e closing year's last month)what treatment you will do in
current financial year and closing financial year.
suppose you are going to start new financial year then What
treatment you will do of previous year balence sheet ( like
previous year prepaid,provision etc) in current financial
year.
what is the entry for goods sent from one factory to
another under inter branch transfer sale of the same compny
and what should be the valuation for this purpose?