how do we account for money mistakenly credited in firm's bank a/c
2- same for the wrongly debit the a/c and doesn't refund ??
how do we account for money mistakenly credited in firm's bank a/c
2- same for the wrongly debit the a/c and doesn't refund ??
This is a good way
Dr. Loan
Cr. Bank
When they did not refund
Dr. Bad debt written off
Cr. Loan
SMJ global advisors pvt ltd
New Delhi
B.Com
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Vardhaman Group of India
Pimpri Chinchwad
CA Inter
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CAclubindia
