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Treatment of my following queries

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 July 2010 Sir i want 2 know the treatment n how to present following facts. 1. We have purchased some assets in earlier years n paying less to the party therefore should we credit to fixed or to balance written back.
2. Sales return of part years to be show reparetly or deducted from that specific items and same in case of purchase returns
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Ca Aashish Upadhyay

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Ca Aashish Upadhyay (Expert)
25 July 2010 treat the balance as discount..
sales return may be shown in the sales a/c net of vat if applicable!
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