Billing address and payment given address diffrent

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Querist : Anonymous

Querist : Anonymous (Querist)

16 December 2014 what is the accounting treatment when sales invouce issuing on one name but its payment making by another firm on behalf of that sale invoice issued firm

what is the legal implication of this transaction is it illegal or not

how to do legal this transaction that is bill receiving by one firm but its payment make by another firm

Amol S Joglekar

Amol S Joglekar (Expert)
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16 December 2014 It would have been better had you informed the names...may be X. Y Z etc.
Anyway, pass the JOURNAL entry in the books of entity who has supplied the goods as follows
Debit the entity who has recd the payment
Credit the party who has supplied the goods.
Take a cnofirmation letter from the supplier to that effect

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