Accounting query

This query is : Resolved

ajai kushwaha (Querist)
Follow

27 July 2011 A Pvt Ltd Co. purchases goods from a party of Rs. 200000 for which no bill has been raised and also the payment has been made through cheque but is made in the name of the company's owner wife since the party has refused to accept the amt in its own account. Now the question arises what should be its treatment in the books of account????
Please help.....

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

31 July 2011 You need to get the bill from vendor for account the purchase

Payment can be made with taking one declaration from vendor in some other name