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
Could we write them off? If yes, then how and if no then any other alternative.
Thanks in advance
U S Sharma
(Expert)
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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