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TMI BlogSupplier & buyer sales amount not sameX X X X Extracts X X X X X X X X Extracts X X X X ..... Supplier & buyer sales amount not same X X X X Extracts X X X X X X X X Extracts X X X X ..... job work for 5years. and we found suppier booked sales amount & our booked sales amount is different. Suppose we booked 5lakh into Tally system in 2010-11FY as per our tax invoice. But supplier book ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... less amount (4.5lakh) in their ERP. I think they deduct some defective material, lost material etc. Is this possible for accounting system? In my knowledge, it cannot be possible.. worried about t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... his. Reply By Pradeep Khatri: The Reply: If your customer has deducted some amount due to quantity or quality issues, then, you can ask to them to issue a discrepancy note along with debit note in t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... his regard. After getting the proper reason for deductions you would be able to reconcile the accounts. Further, it is advisable to reconcile the statement of accounts quarterly basis to avoid such s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cenarios. Reply By Naveed S: The Reply: The main point here is that as the sales amount are different , whether the job work charges are paid to you is as per the job work carried out or less. If ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... less amount as job charges are received due to deductions for defective material, lost material etc. then the same can be allowablve only if a note is sent to you in advance and the same is agreed by ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... you.. X X X X Extracts X X X X X X X X Extracts X X X X
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