Is it possible to make payment adjustment of same invoice with multiple party payment
Suppose I generates bill of Rs. 25000/- aginst Party A
but Party A run two Firms, Firm A & Firm B,
Party A makes payement of 20000/ from Firm A & 5000/ from Firm B,
How should i adjsut this type of Entries, Particaly looks impossible.
DEAR SIR,
I THINKS YOU SHOULD MAINTAIN DIFFERENT A\C OF BOTH FIRM .
IT IS GOOD AND SAFE FOR YOUR ACCOUNT BOOK AND AUDITOR.
BOTH FIRM MAY BE PARTNERSHIP FIRM , FILE ITR SPARELTY , AND ALSO MAY BE MAINTAIN SPARATE BANK A\C
GOOD LUCK
O P Bagla & Co LLP
New Delhi
CA Inter
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CAclubindia
