Billing address and payment given address diffrent
This query is : Resolved
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
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
(Expert)
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
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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