ADJUST DEBTOR AND CREDITORS
This query is : Resolved
AMIT DIRGHANGI
(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
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
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
In furture any query from Dept. regards that amount what would be explanation.
Please help me
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Capital Gail Exemption Certificate
- Unable to File TDS Q2 Return – New TRACES Portal Error
- MSME disclosure and disallowance
- Taxation of crypto futures in India Fy 2026- 2027
- Issuing of delivery challan by seller of goods
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
