Transaction entry

This query is : Resolved 

03 April 2014 Inter company transaction entry

company A recived 50,000 from company b.

company b comes under which account -current liability ?


company A comes under which account - in the books of b ?

03 April 2014 my client had registered madrasa under wakf board. now he wants to get 80g registration. what is the procedure to get 80g registration.

03 April 2014 firstly see why A company receive money from B.

if take as loan
then in A show as unsecured loan
in B loan & advances

if for purchases of material then
in A received from, custoemrs
in B advance to supplier for goods.


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