How to show amount received from customer more than invoice
This query is : Open
07 February 2017
What if a customer pays more than Invoice, how can that amount be shown in account , Apart from freight charges and other charges.
so I need to charge vat on freight nd other charges too.
Sandeep Dharar
(Expert)
07 February 2017
VAT is applicable on trading and not on services. So u must have to charge ST (if not charged) on that invoice. U must consult ur Debtor regarding that excess payment, is it any kind of advance or what.
07 February 2017
even if its proprietorship account and what if its deposited in personal account. proprietor of a company
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