Ledger confirmation
This query is : Resolved
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.
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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