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View Full Version : Money received by mistake


archana1234
Sep 8, 2009, 11:27 PM
Money received by mistake I had informed him but no response. I dom't have any support, How should I do entry in accounts. Under which Accounting Head

morgaine300
Sep 9, 2009, 12:37 AM
So you're basically saying you got free money cause you can't get a hold of this person to return it to him? If you're sure it's never going back, just stick it under miscellaneous income.

Musa89
Sep 9, 2009, 04:23 AM
Such entries are credited to a suspense account until the other aspect of the transaction is known.