HOW IS THE ACCOUNTING ENTRY DONE IN CASE OF EVEN TRANSACTION? i.e, one of our manufacture had received simple bill (not excise invoice) from supplier and received gate pass from other party from which our supplier had purchased goods (as we want credit and person from whom we are purchasing are not manufacture so gate pass is of other party from whom our supplier has purchased and they are manufacture). Our supplier is just passing on the crredit.
Kindly tell me how the accounting enyrt is to be done in such case.
pls reply.
urgent.
CAclubindia
