Rent recd in advance by hotel
This query is : Resolved
vejata bhardwaj
(Querist)
01 October 2014
RENT RECEIVED IN ADVANCE BY A HOTEL FROM THE CUSTOMER.AND WHEN THE ADVANCE IS FORFEITED WHAT SHOULD BE THE ENTRY..
AND HOW TO RECTIFIED IF THE CLIENT HAS NOT BEEN CREDITED FORFEITED AMOUNT IN p AND L AND JUST SHOWING IT IN BALANCE SHEET AS cUSTOMER ADVANCE A/C AND NOT WRITTING IT OFF
AND HOW TO RECTIFIED IF THE CLIENT HAS NOT BEEN CREDITED FORFEITED AMOUNT IN p AND L AND JUST SHOWING IT IN BALANCE SHEET AS cUSTOMER ADVANCE A/C AND NOT WRITTING IT OFF
Ganeshbabu K
(Expert)
01 October 2014
if amount paid will not coming back to us in future also better expense it as travelling expence
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- EPF ECR NEW RULES Sep 17th 2026
- MSME disclosure and disallowance
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Issuing of delivery challan by seller of goods
- Taxation of crypto futures in India Fy 2026- 2027
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
