Dealer ship deposit non refundable
This query is : Resolved
SANKARA NARAYANAN
(Querist)
18 March 2014
Dealer Ship Deposit Non Refundable is Grouped Under Sales account
Is it correct Accounting System.
How to make accountability in Accounting
Is it correct Accounting System.
How to make accountability in Accounting
18 March 2014
Non Refundable Deposit can't be grouped under Sales account because no SALE BILL is generated for such transaction.
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Non-refundable deposit should be shown under DEPOSIT ASSETS and can be amortized during the estimated life (years) of the Dealership.
.
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Other terms and conditions may be relevant to decide the estimated life of the dealership.
.
.
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Non-refundable deposit should be shown under DEPOSIT ASSETS and can be amortized during the estimated life (years) of the Dealership.
.
.
Other terms and conditions may be relevant to decide the estimated life of the dealership.
.
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