Bad debts
This query is : Resolved
09 June 2012
Hi Sir,
Last year we showed work-in-progress which is work done but invoice not raised(in the month of March)but this year also not raised for that particular amount because work damaged so now we need to show as bad debts so is it possible or not please suggest me if yes how to pass the entry
Hi Sir,
Last year we showed work-in-progress which is work done but invoice not raised(in the month of March)but this year also not raised for that particular amount because work damaged so now we need to show as bad debts so is it possible or not please suggest me if yes how to pass the entry
09 June 2012
You have not raised any invoice then how can you show it as bad debts? You can reevaluate the work in progess and report accordingly in the balance sheet
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