CHEQUE RECEIVED
This query is : Resolved
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raghavendra b
(Querist)
25 May 2020
DEAR SIR,
AMOUNT OF RS. 8880/- ONE CHEQUE RECEIVED FROM OUR CUSTOMER NOW WE HAVE NOT ISSUED A SALE BILL FOR THAT AMOUNT. WE ARE TRADING EXEMPTED GOODS. NOW QUERY IN THIS REGARD HOW CAN TREAT THIS AMOUNT WHETHER TRANSFERRED TO PROFIT AND LOSS A/C AS INDIRECT INCOME OR SUSPENSE ACCOUNT. BECAUSE SUSPENSE ACCOUNT IS NOT POSSIBLE BECAUSE WE KNOW THE CUSTOMER BUT NOT ISSUED ANY DOCUMENT FOR THAT AMOUNT
PLEASE CLARIFY ME,
REGARDS
AMOUNT OF RS. 8880/- ONE CHEQUE RECEIVED FROM OUR CUSTOMER NOW WE HAVE NOT ISSUED A SALE BILL FOR THAT AMOUNT. WE ARE TRADING EXEMPTED GOODS. NOW QUERY IN THIS REGARD HOW CAN TREAT THIS AMOUNT WHETHER TRANSFERRED TO PROFIT AND LOSS A/C AS INDIRECT INCOME OR SUSPENSE ACCOUNT. BECAUSE SUSPENSE ACCOUNT IS NOT POSSIBLE BECAUSE WE KNOW THE CUSTOMER BUT NOT ISSUED ANY DOCUMENT FOR THAT AMOUNT
PLEASE CLARIFY ME,
REGARDS
CA R SEETHARAMAN
(Expert)
25 May 2020
Keep it under liability, advance received.
raghavendra b
(Querist)
25 May 2020
thank you sir for you replies
regards
regards
CA R SEETHARAMAN
(Expert)
25 May 2020
Welcome.................
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