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Ledger confirmation

This query is : Resolved 
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(Querist)
18 May 2014 As a Transporter using Tally & as per the Mercantile basis we consider our consignment note issued date as income. whereas the consignee/consignor bookes our consignment note as their expenditure only on receipt date of our bills.Thus the ledger of both the parties differs on 31.3.14. Kindly suggest the right procedure.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
18 May 2014 both the entities have the right to decide which method to follow for booking income..both are correct.
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