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Query about invoicing

Seethalakshmi (Accountant) (30 Points)

29 September 2016

we are a service provider proprietorship co, now converted into pvt ltd co. for ex customers we billed from proprietor co, and new customer billed from pvt ltd co. how to account these sales into one under pvt ltd co accounts?

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6 Replies

Kajal Jain (Freelancer-Chartered Accountant) (551 Points)
Replied 29 September 2016

first since you are a Pvt Ltd company now....u shud only bill under Pvt Ltd co.

now I u want to book the sales in Pvt Ltd books thn ur proprietorship sales will be recorded as branch sales..
take care of ur vat.. service tax.. whatever applicable

Seethalakshmi (Accountant) (30 Points)
Replied 29 September 2016

Thanks for ur reply mam, How can i account (Make entry in tally) propertiership sales as branch sales in pvt ltd firm?

Kajal Jain (Freelancer-Chartered Accountant) (551 Points)
Replied 29 September 2016

are u asking me the entry??

Seethalakshmi (Accountant) (30 Points)
Replied 29 September 2016

yes mam. i need to know how to pass entry in pvt ltd co concern & proprietroship concern?

Rama chary Rachakonda (Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294) (3293 Points)
Replied 01 October 2016

when you make invoice in proprietor co. make entry in proprietor co. books. When you make invoice in private ltd. co. make entry in private ltd. co. books. since the entity of organisation is different.