Provision For Bad & Doubtfull debts
This query is : Resolved
02 July 2010
Whether a Company can directly write off Bad Debts without creating Provision For Bad & Doubtfull debts??
02 July 2010
Yes. It can be done if the bad debts are certain and are occured
02 July 2010
Thnk you sir for your guidance
02 July 2010
Yes. If it is sure from records available and correspondance with party. pls ensure that bad debts are substantiated with all legal formalities also with the party. It will be better proof.
02 July 2010
AGREED WITH EXPERTS.
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
- TWO FIRM NAME IN ONE GST NUMBER
- ITR -1 Filing
- Section 54 f disallowed will be taxed at what rate
- Transportation of Petrol, Diesel by GTA and Other than GTA
- Transfer of rectification rights to ao
- TDS whether applicable or not in case of Flat purchase
- Transfer of Rectification Rights to the Jurisdictional Assessing Officer
- Eway issued more than one
- Trust 10AB form required for old asst. years?
- SEA GOING ALLOWANCE
- Utilisation of cgst cash ledger balance first to pay cgst liability instead of cgst credit ledger ba
- Pension Misclassification and Correction in Filed ITRs
- Gratuity payment criteria
- Procedure and Documents Required for Release of FD from DVAT
- How to rectify gstr1 credit note
- Non- payment of GST on supply of services- reg
- Other party gstin shown on my login id
- Accumulated surplus exceeding 15%
- Different GST Number MEESHO
- Query on TDS Section 194H
Trending Online Classes
CAclubindia
