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Un-payable creditors

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 August 2015
Dear Sir / Madam / Friends,


Can U inform me that,
when a party is not going to receive money from debtors he/they will pass entry in his books of accounts.....(to adjust debtors in B/s.)
Bad debt a/c...Dr.
To Debtors a/c. "THEN"
what will be the entry in the books of accounts of opposite party for the same.(to adjust creditors in B/s.)??? (As now thy are now not going to give cash)

Pl z. replay soon.

05 August 2015 Creditors a/c
to pnl

since it is profit for them

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 August 2015 Thank U Sir 4 Ur Replay (Tushar Sampat).




05 August 2015 you are welcome friend.........



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