LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Bobby (Manager Accounts)     08 October 2010

Order from ABC bill to X. Y. Z

We have received a work order for a project from ABC company.

Now we received a letter from ABC stating that

Ø Bank Guarantees for advance / performance is to be issued in the ABC

Ø Invoicing is to be raised on the four subsidiary / associates companies of ABC ON Pro rata basis:

W Ltd. 20%

X Ltd. 20%

Y Ltd. 50%

Z Ltd. 10%

Now do we need separate orders from these companies or the letter from the holding company is sufficient.

Plz give your valuable opinion.



Learning

 2 Replies

ESTHERPRIYA (Practising Advocate)     09 October 2010

you can get separate orders from the subsidiary companies as the company has its own profit and loss account maintained in their way.

1 Like

Bobby (Manager Accounts)     09 October 2010

is it mandatory...to have separate order..


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  



Post a Suggestion for LCI Team
Post a Legal Query