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Accountancy

Explain me this point and as we received in current period but paid in last year will it be inventory of current year or previous year.

Sugam SM

CA Final

★ 9K+

17-Apr-22 05:55

384

Answers (1)

In books inventory in transit for previous year. For physical stock - it would not be as stock not yet received as on 31st March

CA Suraj Lakhotia

Admin

17-Apr-22 07:50

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