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Lakshy (Semi-Qualified C.A. PGDFM BCom.)     04 December 2019

Receipt of Funds

Sir,

We had sold materials to Company X but received the payment from Company Y which is sister concern of Company X. Shall we adjust this amount agaisnt company X through passing journal entry in our books or there is any statutory provision against such kind of receipt ???



 1 Replies

PINKY KUMARI

PINKY KUMARI   08 December 2019

As Per my view we can adjust the amt. just informing the company A
1 Like

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