Treatment of unknown bank credit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 June 2013
Ours is a multinational company.
We get a cheque credited in our Bank Statement. We are unable to trace the customer who has deposited the cheque.
How to treat an unknown Bank credit.
We get a cheque credited in our Bank Statement. We are unable to trace the customer who has deposited the cheque.
How to treat an unknown Bank credit.
Ganeshbabu K
(Expert)
06 June 2013
Create a suspense ledger say " suspence realisation"
and park this bank receipt in this account
after reconciliation with sales department you can transfer the amount to customer
and park this bank receipt in this account
after reconciliation with sales department you can transfer the amount to customer
CA.Vinita Gupta
(Expert)
16 June 2013
Write a Letter to the Bank asking the details about the same, if you still cant trace it then book under Suspense A/c
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