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jinesh (Querist)
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22 April 2015 Dear sir,

i want to know the when we prepare Ralted Party transaction as per companies act. in that i have to track sale and purchase transaction.
if any amount is credited/debited by any Credit note/debit note then we should consider the net off transaction or Taken as per sale and purchase made with them?
Should company raise the invoice for sales transaction?
pls explain in detail asap

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
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22 April 2015 yes ccompany should raise the sales invoice for sale transactions....!!!

jinesh

jinesh (Querist)
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22 April 2015 what is main question is that we should consider Net off transacton of Purchase/sale.
pls ans me.

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