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Treatment of unknown bank credit

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Querist : Anonymous

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Querist : Anonymous (Querist)
06 June 2013 Ours is a multinational company.
We get a cheque credited in our Bank Statement. We are unable to trace the customer who has deposited the cheque.
How to treat an unknown Bank credit.
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Ganeshbabu K

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Ganeshbabu K (Expert)
06 June 2013 Create a suspense ledger say " suspence realisation"

and park this bank receipt in this account

after reconciliation with sales department you can transfer the amount to customer
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CA.Vinita Gupta

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CA.Vinita Gupta (Expert)
16 June 2013 Write a Letter to the Bank asking the details about the same, if you still cant trace it then book under Suspense A/c
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