Payment Received another company account
This query is : Resolved
21 May 2020
Dear Sir,
I hope all is good in lock down period sir i have one query.
i am using tally erp9 software we have two company like panchal ..... machinery and panchal ..... works . i am sale machine with name panchal machinery and payment received panchal engineering so please tell me about adjustment entry for account nill
I hope all is good in lock down period sir i have one query.
i am using tally erp9 software we have two company like panchal ..... machinery and panchal ..... works . i am sale machine with name panchal machinery and payment received panchal engineering so please tell me about adjustment entry for account nill
21 May 2020
Either give a cheque and pass payment entry or pass journal entry crediting debtor and debiting inter company accounts.
22 May 2020
Moreover, if both the companies have common board of directors or shareholders, then Section 188 of companies act, 2013 also need to take into consideration
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