Import Purchase

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  1. Hello friends,

    I have a query regarding recording of purchase.
    A purchase order was raised on 18th Aug. 2016 at USD rate (Import), The vendor raised invoice on 29th Aug. 2016, Goods received in warehouse on 13th sept. and date of Bill of entry for home consumption is 3rd Sept. 2016.
    Now i want to know, at which day's conversion rate we should record transaction in our book?
    1: Purchase order date or;
    2:Bill date or;
    3.Date on which goods was received in warehouse or;
    4.Date of Bill of entry for home consumption?

    Thanks in advance.
     
  2. SUNNY NARANG

    SUNNY NARANG Member

    Bill of Entry date.
     
  3. Thank you sir.
     
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