how do we account for money mistakenly credited in firm's bank a/c
2- same for the wrongly debit the a/c and doesn't refund ??
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 23 September 2022
Yasaswi Gomes new
(Finance )
(4514 Points)
Replied 24 September 2022
This is a good way
Dr. Loan
Cr. Bank
When they did not refund
Dr. Bad debt written off
Cr. Loan
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 25 September 2022