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ADJUST DEBTOR AND CREDITORS

This query is : Resolved 
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(Querist)
10 June 2011 DEAR SIR,

I COME TO KNOW THAT LAST FEW YEAR MORE THAN 2 LACS AMOUNT CREDITED AGAINST A CREDITOR (LTD. CO)IN OUR BALANCE SHEET WRONGLY.

SO HOW COULD I WRITE IF OFF SAFELY IN THIS YEAR FOR FARE ACCOUNTING

I AM CONFUSED. PLS ANY BODY HELP ME

THANK YOU
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CA KRISHNA KUMAR DARUKA

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CA KRISHNA KUMAR DARUKA (Expert)
11 June 2011 You can write back the above amount in P&L a/c by passing following entry:

Dr Sundry Creditor
Cr Sundry credit balances written back.
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AMIT DIRGHANGI

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AMIT DIRGHANGI (Querist)
13 June 2011 Thank you Sir for your reply but in this way a new ledger will create, amount will be Hilighted

In furture any query from Dept. regards that amount what would be explanation.

Please help me
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