Inter transactions
This query is : Resolved
19 August 2008
sir my Query is that when we r making sale nd purchase transactions with a same party then in such case whether is there any need to Open Sepeate Accounts for both the transactions or to record the both sale nd purchase transactions in One account?????
means seperate account of same party as debtor and seperate acount of same party creditors?
means seperate account of same party as debtor and seperate acount of same party creditors?
19 August 2008
sir Please tel me the final solution for this query?
should meants for???
should meants for???
20 August 2008
It is not mandatory, you can keep in one single account also.
22 August 2008
There is no requirement as such to create two different accounts.
But, i believe, from the enterprise point of view,it will be easy to track record of the transactions if it creates 2 different account
But, i believe, from the enterprise point of view,it will be easy to track record of the transactions if it creates 2 different account
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Fixe term employment
- Is any professional CA is here please reply
- Reopen of assessment proceeding
- Foreign lottery ticket bought online from India: legality, tax and consequences
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Experts need help
- Putting a heading on received mail
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
