Non payment to supplier
This query is : Resolved
19 June 2013
I have purchased some assets in the year 2005 and capitalised in my books of account
but payment has not been made till now because of dispute
now i want to write off that amount in supplier
what accounting entry to be passed and what is tax implication
please help
Thanks in advance
but payment has not been made till now because of dispute
now i want to write off that amount in supplier
what accounting entry to be passed and what is tax implication
please help
Thanks in advance
19 June 2013
You can write off as showing other income
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