Agrrement as invoice

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Siddharth (Querist)
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21 November 2013 Dear Sir,
Can i consider agreement as invoice & make entry in tally? as per instalment written in agreement.
e.g.
24,000 on signature of the agreement
entry would be
Professional fees A/c Dr 24,000
To Party accunt Cr 24,000

or i have to take invoice from the said party?

Thanks

Siddharth

Siddharth (Querist)
Follow

23 November 2013 dear Sir,
Can i consider agreement as invoice & make entry in tally? as per instalment written in agreement. e.g. 24,000 on signature of the agreement entry would be Professional fees A/c Dr 24,000 To Party accunt Cr 24,000 or i have to take invoice from the said party? Thanks

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