Account head

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

29 December 2014 Sir, I would like to ask regarding a supplier who is also a customer of a business and having many transactions during the year , under what account head to be consider in book of accounts .Either sundry creditor or debtors.your advice is requested ?.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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29 December 2014 you can maintain 2 accounts even for a same person i.e as a debtor and creditor for keeping track of excat transactions as debotr and creditor.

Rupesh Jain

Rupesh Jain (Expert)
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29 December 2014 you can maintain two a/c one for purchase and another for selling bill its easy for you.

Querist : Anonymous

Querist : Anonymous (Querist)

29 December 2014 Thank you very much both of you .

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