Invoice Issued by A But Payment received by B

This query is : Resolved

Santosh (Querist)
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28 March 2023 Dear Sir

A and B both are working in Same roof. Both have separated PAN and GST Number. Mr.A raised a invoice to XYZ Rs.50000/- XYZ deposit Rs.25000/- to MR.A and by Mistake RS.25000/- to MR.B account. Now in the books of accounts Mr.A, XYZ balance debit Show Rs.25000/- and books of account of Mr.B xYZ credit balance show Rs.25000/- and in the books of account of XYZ balance is NIL
Please suggest how to deal A and B ( MR. A is books of accounts cover 44AB and Mr.B 44AB(e)

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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29 March 2023 Better option would be to rectify the mistake by return of fund by Mr. B to XYZ and repay it to Mr. A through XYZ itself.

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Invoice Issued by A But Payment received by B

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