Auditing quries

Sureshrajendran (student) (33 Points)

19 September 2008  

 

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 .