company final accounts
This query is : Resolved
13 February 2011
sir,
how to treat the below adjustment in balance sheet, profit and loss A/c
provide 2% as reserve for discount on creditors
how to treat the below adjustment in balance sheet, profit and loss A/c
provide 2% as reserve for discount on creditors
15 February 2011
credited to P & L A/c and deducted form creditors value in Balance Sheet as per past practices of the company with reference to the concept of prudence.
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