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Purchase and stock by third party

ITR 160 views 4 replies

Party A purchased and Stocked  item for Party B . Party A got a Invoice from Seller but did not issue a Invoice for party B . 

Should B have to mention the STOCK in balance sheet ? Shoud B mention stock in stock register ?

Party B have paid payment by bank. 

Please help

Replies (4)

When the stock is lying with A, and invoice or delivery challan not prepared by A  ........ B cannot account it in his register.

Sur what will be reflected in BOA of party B with regard to the payment?
Sir**

ADVANCE.........


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