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WHAT IS ENTRY WHEN WE PURCHASE MATERIAL FROM PUNJAB PARTY
AND DONE JOB WORK ON THESE MATERIAL FROM HARYANA PARTY.
PUNJAB PARTY SEND THIS MATERIAL DIRECTLY TO HARYANA PARTY
FOR JOB WORK INSTEAD OF US.AND HARYANA PARTY SEND THIS
MATERIAL TO US. MY COMPANY SITUATED IN HARIDWAR. WHICH FORM
ISSUE IN THIS TRANSACTION.PLS GUIDE ME.
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Answer Posted / prashant
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Opening stock 17499565 purchses 89693855 expanditure 1735800 deprciation 223309 patner salary 300000 interst paod 937500 provisions 119265 sales 91600120.adjustment 1 gross profit is 6.72percentage on sales.2.net profit is 3.10 percent on sales
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