Treatment of amount received against c form from customer

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 August 2012 What should be the accounting entry if a customer instead of giving C form pays the differential amount in the same or next financial year....?
Please give the accounting entry..

27 August 2012 ADVANCE FROM CUSTOMERS, UNLESS THE DEMAND IS RAISED BY VAT OFFICE, AND PAID FROM THIS ACCOUNT.

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 August 2012 we have deposited CST @ 2% at the time of raising invoice but after 6 months customer tells us that he will not give the c form but will pay the difference amount to us for which we will raise a debit note....Which a/c should be debited at the time of raising debit note...?


27 August 2012 I think in that case CST payable account should be debited in this case..



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