Creditor not paid
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 June 2012
If any creditors for expenses or goods not paid more than 3years then what is accounting treatment ? should it be taken as income ?
20 June 2012
In case expenditure has been claimed in the earlier years, income has to be shown in the year in which such Creditors are being written off.
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