Dear All,
I need your suggestion on following issue
Vendor dispatched the material on 31.03.2010, fiscal year 2009 and company recd the the goods fiscal year 2010 dt 04th April 2010. and Company recd the bill 31.03.2010
How to process this entry through MM.
1 How would store deptt. make entry for the Fiscal Year 2009
Material In Transit A/c Dr
GR/IR A/c Cr
2 How would Accounts deptt. make entry for the Fiscal Year 2009
GR/IR A/c Dr
Vat Input A/c Dr
Vendor A/c Cr
3.At the time of Material Received for the next Fiscal Year 2010 i.e. 04.04.2010
how would store department make entry.
Material A/c Dr
Material In Transit A/c Cr
Regards