Easy Office
LCI Learning

Payment received direct in bank through neft etc.

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
13 February 2016 Sir

Payment received in bank directlly through neft or cash but we dont know who is depositer and dont want book in income Please suggest that whitch account head we can stand that amount for month end or yar end


Regards

13 February 2016 I am of the opinion that the said amounts would be classified under current Liabilities - as wrong credits by the banker. But should the amount received is against a certain debtors, but you are unable to trace the same, would be a issue. Till such time classify the same under current liabilty

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
17 February 2016 Thanks sir for your good advise






You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries