08 May 2022
Need to ask about accounting entry for following situation. A- Company -1 M- Manufacturer B- Company 2 "A" places order on "M" for supply of goods. A are not able to arrange funds so they tie up with "B". "B" releases funds to "M" "A" asks goods to be supplied in their name with their name appearing on invoice against their PO. How to adjust this entry into books ? Are there any GST or IT implications ?
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