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Balance w/off

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 August 2013 Which Conditin balances W/off or W/back,plase define prosiger
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Rupesh Jain

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Rupesh Jain (Expert)
02 August 2013 if bal. in not recoverable or not payable to party

normally we take three year time period if party not demanded the amount then amount will write off.
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Ganeshbabu K

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Ganeshbabu K (Expert)
02 August 2013 if suppose there is outstanding credit balance showing in creditor ledger and if management feels it is not required to be paid then it can be written off
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