Credit balance of customers lying with us for over 4-5 years

Anjali Das (Industrial Trainee) (109 Points)

03 December 2011  

Thanks in advance to all the members who reply to  this thread.I want to know if a possible issue can be framed out of the fact that the client has a credit balance of customers lying with them for over 4-5 years??? If yes, then its hould be written back as an income, so what is the act/rules/section governing the same??