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Liquidated damages

This query is : Resolved 
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Guest

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Guest (Querist)
22 November 2011 Hi Friends,

My Doubt is,

Treatment (In the Books of Accounts) of (any) Amount Deducted from the Sale Value by the Debtor for the reason of violating the Terms & Conditions of a Purchase Order(issued by the Debtor).
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
22 November 2011 Need to be account as expenses only. can be created separate head and debit
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