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Purchases of supplier invoice dated 30/12/2014 was the date of receipt of goods 02/01/2015 In which year can be recorded? why? (1)- 2014 (2)-2015

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Question added by FITAH MOHAMED , Financial Manager , FUEL AND ENERGY CO for transportion petroleum materials
Date Posted: 2015/01/08
Sahar Alech
by Sahar Alech , Auditor / Financial Manager , Accounting Services Office

it will recorded in2014 cause supplier invoice is dated30/12/2014 which will bw credited to said supplier

while on the debit side goods in transit will recorded

Khaled Mohee Eldeen Abbas Mahmoud
by Khaled Mohee Eldeen Abbas Mahmoud , Chartered Accountant # 10465 , Self-employed

invoice date2014

Jijumon James
by Jijumon James , SENIOR ACCOUNTANT , BADR AL SAMAA HOSPITAL

It should be accounted for the year2014, shown as goods in transit. If risk and rewards relating to goods are transferred and payment is maid by the customer, then it is treated as sale in the hand of supplier and purchase in the hands of Buyer.

Boudjemaa DAI
by Boudjemaa DAI , chef dept finance , GE Algesco

the invoice should be recorded in2014 because it is dated in2014 , credit the vendor and debit outside stock

fadil hoory
by fadil hoory , محاسب , شركة مقاولات بالسعودية

Recorded by the method used method of periodic inventory Do or continuous inventory methodIf the continuous inventory recorded in2014, and if the way Jerda league record of2015

Deleted user
by Deleted user

is2014

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