Is it valid to record more than one entry towards single invoice having various items in it say, item no xyz, aaa and BBB were bought and for ex. Xyz recorded earlier and then aaa and BBB recorded after that but they billed in single invoice. Is it correct practice?
There is invoice sr no. 123 including 3 items as I said above xyz, aaa and BBB respectively.
There are two entries in ERP first entry of xyz and second entry considered aaa and BBB.
The value are correct and considered as per bill.
If we combine both the entries we get the billing amount tallied so due to sr no of bill entered twice dose it considered to be double entry? And need to revise?
Vardhaman Group of India
Pimpri Chinchwad
CA Inter
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V.K. Ranjan & Co(Chartered Accountants)
New Delhi
B.Com
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CAclubindia
