01 October 2014
RENT RECEIVED IN ADVANCE BY A HOTEL FROM THE CUSTOMER.AND WHEN THE ADVANCE IS FORFEITED WHAT SHOULD BE THE ENTRY.. AND HOW TO RECTIFIED IF THE CLIENT HAS NOT BEEN CREDITED FORFEITED AMOUNT IN p AND L AND JUST SHOWING IT IN BALANCE SHEET AS cUSTOMER ADVANCE A/C AND NOT WRITTING IT OFF
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