Sir,
We had sold materials to Company X but received the payment from Company Y which is sister concern of Company X. Shall we adjust this amount agaisnt company X through passing journal entry in our books or there is any statutory provision against such kind of receipt ???
Receipt of Funds
C.A. Sandeep Wawhal (Chartered Accountant PGDFM BCom.) (1823 Points)
04 December 2019