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company final accounts

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(Querist)
13 February 2011 sir,
how to treat the below adjustment in balance sheet, profit and loss A/c

provide 2% as reserve for discount on creditors
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Vishal Sharma

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Vishal Sharma (Expert)
15 February 2011 credited to P & L A/c and deducted form creditors value in Balance Sheet as per past practices of the company with reference to the concept of prudence.

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