on 23/3/09, we recd a wrong amount(not due to us) of Euro 100000/- in our EEFC account from one of our customer. When they pointed out the same, we issued the credit note to them for euro 99700/- on 31/3/09 as the bankers would be deducting the bank charges of approx 300 euro at the time of remitting the money back. The bankers actually remitted back euro 99700/- on 4/4/09.
How should we treat this in our accounts on 23/3/09, 31/3/09 & 4/4/09.
18 April 2009
On 23.3 1.Bank A/c.....Dr To Amount wrongly received a/c. On 31.3 2.Bank Charges A/c...Dr To Bank A/c 3.Amount Wrongly Credited...Dr 100000 To Bank A/c 99700 To Bank Charges A/c 300
CAclubindia
