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Paid to suppliers but service not received

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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.
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On 22 March 2022 at 23:40 Report
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Profession Business
28207 Points Posted on 23 March 2022
Pls explain
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On 23 March 2022 at 06:39
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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
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On 23 March 2022 at 07:09
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Profession Business
28207 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.
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On 23 March 2022 at 07:53
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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
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On 23 March 2022 at 07:54


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