Amount Received and Paid on behalf of us
This query is : Resolved
Abbas Ali Bohra
(Querist)
30 September 2023
Our company is new established and due to no bank account amount is paid and received by old company on behalf of us how to treat in our and their books of accounts also.
CA R SEETHARAMAN
(Expert)
30 September 2023
Open an account in the name of old company in your Books of accounts and account it. Like wise they have to open an account in the name of your company and account it.
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