Payment received direct in bank through neft etc.


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Querist : Anonymous

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Querist : Anonymous (Querist)
13 February 2016 Sir

Payment received in bank directlly through neft or cash but we dont know who is depositer and dont want book in income Please suggest that whitch account head we can stand that amount for month end or yar end


Regards

13 February 2016 I am of the opinion that the said amounts would be classified under current Liabilities - as wrong credits by the banker. But should the amount received is against a certain debtors, but you are unable to trace the same, would be a issue. Till such time classify the same under current liabilty

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 February 2016 Thanks sir for your good advise


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