BOOK ENTRIES
This query is : Resolved
tarunjjain
(Querist)
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 ?
WHAT WILL BE THA BOOK ENTERIES FOR TRANSFER OF GOODS ?
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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