Accounting entries

This query is : Resolved

Gaurav (Querist)
Follow

07 December 2020 Dear sir/madam,

we are the Fabric manufacturing company. we have given Chemical to our party on loan basis. in return of such loan instead of receiving Chemical party is asking us to issue sale invoice against the same. can we able to issue sale invoice of chemical, is it fair transaction. or is there any other way of booking this transaction

Do let me know ASAP.

regards,
Gaurav Patil

Lekhraj sood

Lekhraj sood (Expert)
Follow

08 December 2020 On what document you have given the chemical on loan basis?

Gaurav

Gaurav (Querist)
Follow

08 December 2020 On delivery challan.

Lekhraj sood

Lekhraj sood (Expert)
Follow

09 December 2020 You can raise the invoice giving reference of earlier delivery challan and ewaybill. You may have to pay interest from the date of the challan.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

office docs

Sasidhar B

ABHISHEK AGRAWAL

Akhila Ajayan

RATI MALU

Subscribe Now

Accounting entries

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA