Easy Office
LCI Learning

For refund amount

This query is : Resolved 

15 April 2016 we paid exhibition stall rent which is conducted in dubai . after the completion of exhibition , we received a refund amount for excess payment. so that excess amount we are added to capital account of proprietor. ios it correct or not ? please resolve.

15 April 2016 It is not right, Credit the amount to exhibition stall rent ac.

15 April 2016 Excess amount of refund need to be set off against rent expense. So it will come out with net rent expense.




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries




Answer Query