ACCOUNTS
This query is : Resolved
09 March 2010
ONE OF MY CLINT IS HAVING SOME BUSINESS FOR WHICH EVERY CUSTOMER NEEDS TO REGISTER ON HIS WEB SITE FOR WHICH HE IS CHARGING 2500/-, WHETHER THAT 2500/- WILL BE CREDITED TO P&L A/C AND TAKEN AS HIS INCOME OR NOT.
09 March 2010
Dear Ashish,
If it is non refundable then it will be credited to the P/L Account of your client.
Regards
If it is non refundable then it will be credited to the P/L Account of your client.
Regards
09 March 2010
Agree.if it is no refundable,it is income and to be credit to p&l a/c
09 March 2010
i think it is a Deffered Revenue Receipt , it will be credit to P&L a/c on resonable basis every year.
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