Checking of purchases.
Querist : Anonymous
Thanx
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
Querist : Anonymous
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.
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
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