Creditors write off

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 August 2011 We are planning to write off some creditors balance from our books of accounts.

While passing entry for the same which account we have to credit

ie Sundy Creditors A/C Dr

To ?

22 August 2011 You have to credit Profit and loss A/c.

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 August 2011 Under Which account head?

22 August 2011 need to be created on ledger called " Balance written back- Crs" under Indirect incomes and credit there

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 August 2011 Thanks ........


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