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31 March 2011 if payment made by us on behalf of sisterconcern we raised dedit note or credit note?
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CA.ViVeK M ACA

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CA.ViVeK M ACA (Expert)
31 March 2011 If your organisation had made any payment on behalf of your sister concern, Please raise a debit note.

In such cases sister concern will show a debit balance in your books of accounts.

As and when receiving the fund, account a receipts entry

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