Excess amt received from client

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

05 July 2012 Hi ,

We have received excess amt from one of our client. So what will be the treatment for that as without raising invoice or debit note I can not show it in my books and also tell me the impact of service tax if any.
Thanks!

@VaibhavJ

@VaibhavJ (Expert)
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05 July 2012 Excess Amount Received to be shwon as Below:

Receipt entry for excess Amount:

Bank A/c Dr xxxx
To Excess from Client A/c xxxx

then Credit Note to be Issued against the same as follows:

Excess from Client A/c xxxx
To Client Ac/ xxxx