Advance to debtor
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 June 2013
We pvt ltd having very old debtor whose o/s as on date is 15 lakh. They hav some matters with bank and ha ing proprty hypothecated to bank
.There is one option given by debtor. They r asking for advance of 4lakh for 10 days. They will submit it to bank after which bank will release their 15 lakh which they wil give to us. There is 100% trust on debtor.plz tel me what financially there wil be problem in giving advance to debtor and how to show it in our a/cs.
.There is one option given by debtor. They r asking for advance of 4lakh for 10 days. They will submit it to bank after which bank will release their 15 lakh which they wil give to us. There is 100% trust on debtor.plz tel me what financially there wil be problem in giving advance to debtor and how to show it in our a/cs.
11 June 2013
If the business decides to give advance, you can very well give the advance.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Reporting Income under Section 44ADA
- Itr 1 processing
- Building and other construction workers welfare cess act 1996
- Bank Accounts in Balance Sheet for ITR 3
- ITR validation error - Balance sheet is not filled
- ITR 1: Details for showing Exempt Income
- TDS ON CASH WITHDRAWALS...
- Query regarding TDS on EPFO Higher Pension Arrears*
- Income of an individual
- In Exports Sales HSN details where to fill
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Annual return of gst limit
- Delisted shares sold in off market/ Rebate u/s87A
- Error whiling application of GST REFUND (ANNEXURE B)
- While filing GSTR9 accountant couldn't entered the ITC values in Table 6, in 9C it is not accepting
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
