Journal entries
This query is : Resolved
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
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
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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