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journal entry

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26 March 2010 we have to firms A & Z for two borthers respectively on a same location.
By mistake purchase of A-firm was entered in Z-firm and vat return was filed.
now we have to file revised return of both the firm A & Z, instead...
Q. can we without filing revised return adjust a journal enter between the two firms, if yes plz mention wt would be the entry.

26 March 2010 Not Possible, Each firm is a separate entity, must file the revised return in both the firms

26 March 2010 agree with expert


26 March 2010 entry can be made with debit and credit note but the return has to be revised



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