banner_ad

Paid to suppliers but service not received

475 views 4 replies
User Avatar

20 Points Posted on 22 March 2022
If we had made the payment to supplier but service not received and not going to be receive then what accounting need to be done in books of supplier.
Reply Share Follow
On 22 March 2022 at 23:40 Report
Replies (4)
User Avatar

Profession Business
28198 Points Posted on 23 March 2022
Pls explain
44 Reply
On 23 March 2022 at 06:39
User Avatar

CFO- at NHTF
58280 Points Posted on 23 March 2022
It has to be considered as advance on payment..

If it's not going receive either service or advance then written of as bad debts
59 Reply
On 23 March 2022 at 07:09
User Avatar

Profession Business
28198 Points Posted on 23 March 2022
If you have given any advance for service to be received in cash or kind then it will shown as Advance to suppliers for service /supply to be received.
44 Reply
On 23 March 2022 at 07:53
User Avatar

CFO- at NHTF
58280 Points Posted on 23 March 2022
If advance is not recoverable then written off it .

If advance is yet to be reimbursed by supplier then adjust it in the advance on reimbursement
59 Reply
On 23 March 2022 at 07:54


CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details