Accounting query
This query is : Resolved
ajai kushwaha
(Querist)
27 July 2011
A Pvt Ltd Co. purchases goods from a party of Rs. 200000 for which no bill has been raised and also the payment has been made through cheque but is made in the name of the company's owner wife since the party has refused to accept the amt in its own account. Now the question arises what should be its treatment in the books of account????
Please help.....
Please help.....
CMA Ramesh Krishnan
(Expert)
31 July 2011
You need to get the bill from vendor for account the purchase
Payment can be made with taking one declaration from vendor in some other name
Payment can be made with taking one declaration from vendor in some other name
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