Easy Office
LCI Learning

Billing query

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
25 June 2012 if mr. X, have purchased some goods from supplier Y, and mr. x made excess payment of its bill, and extra money can not be recovered from mr. y, then what is the treatment of accounting for the same, and mr. y is not ready for give any bill against extra payment.

can excess money paid be adjust against any other allowable expenses, if yes then give a name of such allowable expenditure..
Profile Image

C.A Anshul Singhal

Profile Image

C.A Anshul Singhal (Expert)
26 June 2012 MR Y Can Adjusted excess Received Money from new bill which is issued by MR y after excess payment.
Profile Image

Nischit Sanghavi

Profile Image

Nischit Sanghavi (Expert)
26 June 2012 Mr. X can adjust ii as an advance payment under the head Advance made against Purchase.




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links