Wrong credit of euro 100000/- recd in account ?

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CMA. Subhash Kumar Jha (Querist)
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18 April 2009 sir,

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.

Kindly explain.

Thanks

Subhash

CA Nitin Wadhwani

CA Nitin Wadhwani (Expert)
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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