21 November 2012
is it ok if material purchased for trading is booked as non inventory & Same sold out as non inventory any implication in the books if done so?
I am Using PACT Software for Accounting, We are in Trading Business, For one of our client we do third party transfer & for immediate billing we need to pass Delivery Order which is booked as non Inventory Purchases & Then Same is Carried forward to book purchases & Sales Entries.
CAclubindia
