Excess amt received from client
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 July 2012
Hi ,
We have received excess amt from one of our client. So what will be the treatment for that as without raising invoice or debit note I can not show it in my books and also tell me the impact of service tax if any.
Thanks!
We have received excess amt from one of our client. So what will be the treatment for that as without raising invoice or debit note I can not show it in my books and also tell me the impact of service tax if any.
Thanks!
05 July 2012
Excess Amount Received to be shwon as Below:
Receipt entry for excess Amount:
Bank A/c Dr xxxx
To Excess from Client A/c xxxx
then Credit Note to be Issued against the same as follows:
Excess from Client A/c xxxx
To Client Ac/ xxxx
Receipt entry for excess Amount:
Bank A/c Dr xxxx
To Excess from Client A/c xxxx
then Credit Note to be Issued against the same as follows:
Excess from Client A/c xxxx
To Client Ac/ xxxx
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