refund entry
This query is : Resolved
26 March 2010
company Refund due Rs.8900 has been shown in loan and advances, when will receive the refund the same will be reduced.
but if the refund receivable comes less or more than how to adjust the difference.
but if the refund receivable comes less or more than how to adjust the difference.
M Prabhakar Menon
(Expert)
26 March 2010
Account for the difference as bad debt or as miscellanous receipts depending on less or more than the amount shown in B/S
Message likes :
1 times
CA Ashok Kumar Sahu
(Expert)
26 March 2010
agree with expert
CMA Ramesh Krishnan
(Expert)
26 March 2010
if you received excess you can credit other income,
if you are received less you can debit misc.expenses
if you are received less you can debit misc.expenses
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