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what is the diff b/w manufactring a/c & trading a/c?
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Answer Posted / waqar hussain
manufacturing a/c cantain detail record of the cost of
goods manufactured. that is used by the manufacturer for
the purpose of cost information.
trading a/c cantain detail record of the goods purchase and
opening balance of stock and the closing balance of
stock.trading a/c used by whole seller,retailer, etc.
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Do I need a waybill in the following case:- If I purchase (on bill) small quantity goods (like artificial jewelry) from one state (say Delhi) and transports it personally (say via flight) to other state (say West Bengal) along with my personal belongings and then I put them to sell through my boutique in that state. Do I need waybill? If yes, what will be the procedure? Do I need to pay entry tax at WB? What will be the procedure? Am I doing anything unlawful while transferring goods personally? Please give your advice. Regards, Manoj
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