banner_ad

Wrong billing

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
16 April 2010 Let us say vendor has wrongly billed for the goods sent by him (as shown by the statement sent by him). However the buying company has correctly accounted as such there would be difference in its account..should the auditor comment on this and ask the company to inform the vendor of such wrong billing at his end..

Actual billing - 1 Lac
Billing as per vendor's statement - 90,000
Excess being shown as payable in company's a/c - 10,000 (it is being shown since more than 1 Yr)

What should be the action...
Profile Image

CA Kapil B Gupta

Profile Image

CA Kapil B Gupta (Expert)
16 April 2010 Please Note Error & Ommission exchangeable. You should get debit note from Vendor alongwith clarification on his letterhead.

As a good practic, we should accounted for invoices on correct calculation and there is any differences, these should be set of with Debit or credit notes as the case may be.
Profile Image

CMA. CS. Sanjay Gupta

Profile Image

CMA. CS. Sanjay Gupta (Expert)
16 April 2010 Agree with Kapil Ji.
Profile Image

CA. BIJENDER KR. BANSAL

Profile Image

CA. BIJENDER KR. BANSAL (Expert)
16 April 2010 agreed with Mr. Kapil.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details