Hi,
Hope you guys doing well,
So my question is Suppose there are 3 parties A, B & C. “A” who has client named B and a service provider named C.
A is making a website for his client B during that “A” took some services from C for 8,000 and paid for the same. But C issued an invoice on the name of B.
And A already issued an advance invoice to B. So how can A book those expenses in his books. What will be journal entries for the same?
Thnaks
C is providing services to you and B is a third party to him, so change the name on the invoice to A because he paid for it
See? does anyone understand cost constraints in invoicing industry yet? I spent twenty minutes on erp to get the numbers right. Revenue recognition standard must be followed to avoid these problems. Who is B to C and why should I introduce to him. C is just an internal job cost.
CAclubindia
