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Bed dedts

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(Querist)
11 August 2012 DEAR SIRS

WHAT IS THE LEGAL PROCEDURE TO TRANSFER DEBTORS TI BAD DEBTS

THANKS
REGARDS
JIWAN SINGH
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CA Prashant Gupta

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CA Prashant Gupta (Expert)
12 August 2012 There is no legal procedure for transfer of debtors to bad debts. If company has reasonable assurance that debts is irrecovable you can considered it as debt debts. you can maintain the legal notice sent to debtors as proof/vouchers.

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