How to write off a creditor
This query is : Resolved
Guest
Guest
(Querist)
21 August 2012
Dear Sir / Ma'am,
In tally I have a few creditors where we have made them excess payments then the bill amount by merely 100's or 300's. for eg. if X company gave us a bill of 1000/- we made pmt to them of 1200/-, now there isn't any more pmt to be done to them & they will not provide us any bills for 200/-, so how do I write them off in tally??
In tally I have a few creditors where we have made them excess payments then the bill amount by merely 100's or 300's. for eg. if X company gave us a bill of 1000/- we made pmt to them of 1200/-, now there isn't any more pmt to be done to them & they will not provide us any bills for 200/-, so how do I write them off in tally??
CA Amit Jaiswal
(Expert)
22 August 2012
Let the debit balance appear in the books.
Guest
Guest
(Querist)
22 August 2012
thank u for ur reply...but since we have already paid those creditors completely & there will b no further transaction in near future, still wud i let them b on the debit??
CA Amit Jaiswal
(Expert)
22 August 2012
You can let the balances appear till the management decides to write them off.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Reward for festival
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- RCM and same line
- TDS Return Statement Status
- 18% Rent a cab
- ARCA LOGIN
- Closer of business and itc of capital goods
- Rectification under processing even after 6 months cpc portal
- Accounting Treatment of Civil work to install PORTA Cabin for office use
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
