Sister concerns transactions
This query is : Resolved
16 December 2019
res sir,
i am working in prop. based firm and , its has 3 sister concerns , they have internal transactions. kindly adfvise me how i written off their accounts
1. by issue sales bills 2. by cheque issued , whats the best way
thanks and regards
i am working in prop. based firm and , its has 3 sister concerns , they have internal transactions. kindly adfvise me how i written off their accounts
1. by issue sales bills 2. by cheque issued , whats the best way
thanks and regards
CA R SEETHARAMAN
(Expert)
16 December 2019
Same prop owns sister concerns within the state no need to issue cheque or sales invoice. During consolidation it will get adjusted.
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