02 June 2014
My company where i am working as an accountant, made an ad hoc payment for one of the vendor bills. Eg: The bill was for Rs. 1000 and the company paid Rs.2000 ad hoc against the bill.
I need to know whether it considered as an advance payment? and it the remaining balance will be set off against the next vendor bill?
Guest
Guest
(Expert)
02 June 2014
ya.. it will be treated as advance and can be adjusted against next bill dear