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(Querist)
21 February 2020 res experts,

kindly tell me i have in books parties credit balance(and in their books we have nil balance ) , may i transfer the balances into another firms and then make a payment to new party.

thanks & regards
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GN Patankar

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GN Patankar (Expert)
01 March 2020 No dear not to transfer credit amount to another party's name , just transfer credit amount to" Credit / Debiit balance written off " account. If don't have account plz open it in books
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