Inter transactions
This query is : Resolved
jatinderkumar
(Querist)
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?
jatinderkumar
(Querist)
19 August 2008
sir Please tel me the final solution for this query?
should meants for???
should meants for???
S.Srinivasaraghavan
(Expert)
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
- Depreciation Chart Companies Act
- EPF ECR NEW FILE SEP 17TH 2026
- Capital Gail Exemption Certificate
- Oct 2025 Invoices
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Under marginal scheme
- Import of Software Service.
- Capitalgain tax purposes for valuation report compulsory
- TAX AUDIT ON PROFESSIONAL INCOME
- GST on Renting godown to KFCSC for Storage of Raagi
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- 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
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
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
