Accounting treatment

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

20 May 2011 Could you please tell me the accounting treatment of debtors which are pending since 2005-06 in our books till date due to the earlier accounting errors. The amount of these debtors are around 2 crores. ( but actually there is no amount receivable from these debtors)
Could we write them off? If yes, then how and if no then any other alternative.

Thanks in advance

U S Sharma

U S Sharma (Expert)
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20 May 2011 trace out 1st , the reason of such pending case, if payment received and booked in alternate party, then you are in advance position with other party, make journal to adjust them.

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