Auditing quries

1070 views 3 replies

 

hi all,

My question is :

A management company which provides trainning programmes to the corporates.For which it raise Invoices and collect the payments.

They raise the invoice to one of its client for 1lakh but as aa token of appreciation their client paid 1lakh 15thousand. hoe to deal it in accounts. and also how it will be treated in auditing .

 

Replies (3)

You may consider the total amount of Rs 115000/- as income and account in books against particular invoice. Alternatively , Rs 15000/- can be considered as Miscelleneous income in books.

We have to book 1 Lakh against the invoice. And remaining amount will be treated in the other income.

thank you friends

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
22 June 2026
Finance Manager- Chartered Accountant

Triveni Turbine Limited

Bengaluru

CA

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
24 June 2026
Chartered Accountant

CA Darshita Shah & Co

Nadiad

CA

View Details
Company
29 June 2026
ACCOUNTANT

SANDEEP AASHISH & CO

Araria

B.Com

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 27 June 2026
Article

SNCO

Mumbai

CA Inter

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
24 June 2026
Senior Account (VA Client Operations)

Karbon Business

Bengaluru

CA Inter

View Details