Customer advance is considered as a deposits
This query is : Resolved
01 January 2018
Dear sir,
I am doing audit of MNC company ,it is manufacture company . company received advance from customer for supply of goods but it is not adjusted or repaid within the year .it will be considered as deposits as per companies act sec 73 -76 and company is required to file DPT-4 within june 30th.
I am doing audit of MNC company ,it is manufacture company . company received advance from customer for supply of goods but it is not adjusted or repaid within the year .it will be considered as deposits as per companies act sec 73 -76 and company is required to file DPT-4 within june 30th.
01 January 2018
Yes, you are absolutely right
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