what is the meaning of A/C 1, A/C 20, A/C 21, A/C 22 in PF
Answer Posted / jana
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My client has not filled income tax return for ay-2013-14
'A' is running a manufacturing set up. 'B' sends raw material (after paying CST) to 'A' for manufacutre of his specified product and 'A' keeps 'B's stock in his godown. Can 'A' buy this material from 'B' by raising a CREDIT MEMO and in the books regularises by passing Journal Entry Dr.Raw material inventory and Cr. 'B's Account.
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