We are pvt ltd company in mumbai. we have received rs 1 lac from our customer for incompleted project. Now we want to settle this account by making journal entries. We want to show this amount as indirect income, So what should be proper ledger for the same. Can Debtors write back/ Debtors pay back will be proper or not! Suggest proper name as per accounting standard.
1 Replies
CA Rahul Mor
(Chartered Accountant)
(173 Points)
Replied 03 October 2016
in accounting standard there is no specificlly mentioned the name of ledger, for your convenient you can giv the related name and mention proper naration.
Recent Topics
- Iska djd djrbdsjebshe sir ur rei ejr reinr the jr
- GST registration for medical shop in Karnataka
- Hsshs me know if you are free number of the
- Chu Kang and the situation of the situation and I
- How to reverse wrong transaction payment in phonep
- Paytm wrong transaction
- How to reverse wrong transaction payment in phonep
- Issue with refund for person who has filed for rel
- How to take ITC for October 2024 GST Payment in PM
- How to refund a wrong transaction Phone Pe?
Related Threads
CAclubindia
