A company makes payment to its creditors only against original invoice. The accountant of the company has lost the original invoice. The creditor says he cannot generate another ORIGIANAL INVOICE. There is pressure from creditor on accountant to settle the outstanding amount. What is the way forward in this case? The solution given should also be acceptable by company auditors.
Thanks.
| Originally posted by : Anil | ||
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A company makes payment to its creditors only against original invoice. The accountant of the company has lost the original invoice. The creditor says he cannot generate another ORIGIANAL INVOICE. There is pressure from creditor on accountant to settle the outstanding amount. What is the way forward in this case? The solution given should also be acceptable by company auditors. Thanks. |
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Hi Anil
I am a friend of you my dear. Do not worry. These are the things which the management might do to commit frauds and divert their funds to unauthorised persons. Generally when a sale is made 2 invoices will be generated 1 in original and 1 in duplicate. The original one will be sent to the purchaser and duplicate will be retained by suplier/creditor. Bring a formal conversation with management and request for a copy of duplicate invoice from creditor. I think this might be acceptable to company auditors.
Thank your very much. God bless you.
M N Rao & Associates LLP
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