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BOOK ENTRIES

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23 April 2010 1.MY CLEINT RUNNING TWO BUISNES IN SAME CONCERN ONE IS WHOLESALE AND OTHER IS RETAIL. HE TRANSFER GOODS FROM WHOLESALE BUSINESS TO RETAIL BUSINESS. I ALSO SATE THAT THE PRODECUT IS COVERED UNDER VAT.
WHAT WILL BE THA BOOK ENTERIES FOR TRANSFER OF GOODS ?
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CA Kapil B Gupta

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CA Kapil B Gupta (Expert)
23 April 2010 This is a stock transfer against Form F not sale. If books are maintained seprtely, you may raise Debit note by Debiting to Retailer and crediting to inventory.
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