Ravidubey7499@gmail.comravidubey7499@gmail.com asked 11 months ago

Sir,in respect of investigation of cash receipt frauds there is a point : adjusting a fictitious credit in the account of a customer for goods returned..can you explain with example in detail…my understanding is that it is sales return debit to customer account and then customer account debit to cash..please clarify

2 Answers
RaviRavi Staff answered 11 months ago

We generally solve queries in 24 hours but, sir was not well so could not solve queries of past few days, but it is expected that today onwards sir will be solving all queries in due time.

RaviRavi Staff answered 11 months ago
  1. Credit sale to customer —
    Customer Dr 1,00,000
    To Sales 1,00,000
  2. Cash received 1,00,000 will be misappropriated
  3. To hide this fraud sales return entry will be passed
    Sale Dr 1,00,000
    To Customer 1,00,000