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??
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??
22 August 2012
You can let the balances appear till the management decides to write them off.
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