Rent recd in advance by hotel
This query is : Resolved
01 October 2014
RENT RECEIVED IN ADVANCE BY A HOTEL FROM THE CUSTOMER.AND WHEN THE ADVANCE IS FORFEITED WHAT SHOULD BE THE ENTRY..
AND HOW TO RECTIFIED IF THE CLIENT HAS NOT BEEN CREDITED FORFEITED AMOUNT IN p AND L AND JUST SHOWING IT IN BALANCE SHEET AS cUSTOMER ADVANCE A/C AND NOT WRITTING IT OFF
AND HOW TO RECTIFIED IF THE CLIENT HAS NOT BEEN CREDITED FORFEITED AMOUNT IN p AND L AND JUST SHOWING IT IN BALANCE SHEET AS cUSTOMER ADVANCE A/C AND NOT WRITTING IT OFF
01 October 2014
if amount paid will not coming back to us in future also better expense it as travelling expence
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