Checking of purchases.

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

12 September 2011 How to check the purchases agst C form & F form? What evidences I should take while performing the checking of purchases in the effectively and efficiently manner?

Thanx

MJ Krishnamurthy

MJ Krishnamurthy (Expert)
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12 September 2011 Mr Author,
It is very simple,
1) While making purchases aginst 'C' form
it will be mentioned in the purchase bill that CST @2% against 'C form.
2) 'F' form purchases are not made through an invoice.Stock transfers between branches or a pricipal and a commission agent are made through consignment notes or stock transfer memos.In return,the consignee sends a sale patty or invoice list along with payment.'F'form is to be issued by the consignee to the consignor.
MJK

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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13 September 2011 I agree with the expert

Querist : Anonymous

Querist : Anonymous (Querist)

13 September 2011 thanx 4 ur valuable answer sir....
but i want 2 know that what documents/evidences i have to check other than invoice while performing the vouching of purchases against C form & F form.

MJ Krishnamurthy

MJ Krishnamurthy (Expert)
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13 September 2011 Mr. Author,
Invoices for 'C' form purchases and stock transfer note or consignment note are the important documents for stock accounting and purchases.Other documents are not so essential.
MJK

Querist : Anonymous

Querist : Anonymous (Querist)

13 September 2011 thanx a lot sir...its really helps me... thanx 4 ur valuable rly...

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