ADJUST DEBTOR AND CREDITORS
This query is : Resolved
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
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
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.
Dr Sundry Creditor
Cr Sundry credit balances written back.
Message likes :
2 times
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
In furture any query from Dept. regards that amount what would be explanation.
Please help me
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