Bad debts wriien Off
This query is : Resolved
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27 August 2023
Dear Experts,
Kindly let me know What is the Criteria or Procedure to be satisfied while posting Bad debts wriiten Off entry in Books of Accounts?
Thanks in Advance
Kindly let me know What is the Criteria or Procedure to be satisfied while posting Bad debts wriiten Off entry in Books of Accounts?
Thanks in Advance
28 August 2023
It should be more than 3 years old and efforts taken for recovery not successful.
28 August 2023
Thank you Sir. So as per company's Act we should estimate these 2 conditions and pass the journal entry at present ?
28 August 2023
Yes you are right..
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