Excess payment received against Sales Invoice from customer
This query is : Resolved
26 April 2023
Received 100 Rs extra then sales invoice value, which will not be adjusted with any other invoice.
In which account this extra payment will be showing in CoA? Please put a JV for better understanding.
Data EX –
Invoice amount – 1000 INR (with GST)
TDS deduction by supplier – 20 INR
Amount to be paid - 980 INR
Amount received from customer – 1080 INR
Unadjusted SRV amount = 1080 – 880 =100 INR
In which account this extra payment will be showing in CoA? Please put a JV for better understanding.
Data EX –
Invoice amount – 1000 INR (with GST)
TDS deduction by supplier – 20 INR
Amount to be paid - 980 INR
Amount received from customer – 1080 INR
Unadjusted SRV amount = 1080 – 880 =100 INR
26 April 2023
Treat is as advance under sundry debtors.
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