01 August 2011
loan taken in 2008 for 5,00,000 which is given for ECS
however, two installments thereof paid twice the time i.e., through bank (ECS) & cash, however cash payment not accounted and excess payment got returned throuch cheque by fiancial institution which is accounted, now statement of account not tallied with books
04 August 2011
I suggest if the transactions were pertaining to this year, you should pass cash payment entry and also pass refund entry, narrate that wrong debit made thru ECS, now refunded thru chq no... dtd... by FI.
CAclubindia
