Accounting issue

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

11 April 2015 Dear sir
i am purchasing the goods form xyz.ltd. and i am also providing service to xyz.ltd.
my Query is... will i have to shown two separate ledger of xyz. ltd in my books of accounts. one as creditor and secound as debtors. or it will be only one ledger..

plese solve my Query...

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
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11 April 2015 yes u have to.. one is vendor and second is customer....!!
so that balances of both wil b clearly identifieble...

Querist : Anonymous

Querist : Anonymous (Querist)

11 April 2015 Dear sir
vendor will be creditor or debtors.

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
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11 April 2015 vendor wil b creditor

from whom u r purchasing

and customer wil b the one to whom u providing services

Querist : Anonymous

Querist : Anonymous (Querist)

11 April 2015 ok sir, thanks for your detailed reply...

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
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11 April 2015 your welcome dear..No issues

Querist : Anonymous

Querist : Anonymous (Querist)

11 April 2015 Dear sir
the materials is also supplying by me to providing the service. in this case can i issue the sale invoice for the materials. if the customer has TIN no...

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
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11 April 2015 ya you can give both

Querist : Anonymous

Querist : Anonymous (Querist)

13 April 2015 Dear sir
if the costumer has tin no. how can i issue him sale invoice...

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
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13 April 2015 having tin no doesnt impacts u dear... u can write his tin no in the sales invoice thats it.. no more impact

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