Pvt ltd co.
This query is : Resolved
Riddhi Agrawal
(Querist)
25 June 2014
Hello,
I have a pvt ltd company... We deal as sub brokers, I have around 12 to 13 lac as pending dues from client(as debtors in b/s) that is not going to be recovered...
Can I adjust this debtors against unsecured loans(loan taken from family members?
We suggest
I have a pvt ltd company... We deal as sub brokers, I have around 12 to 13 lac as pending dues from client(as debtors in b/s) that is not going to be recovered...
Can I adjust this debtors against unsecured loans(loan taken from family members?
We suggest
Nikhil Kaushik
(Expert)
25 June 2014
no...you need to write off these receivables in the Profit and Loss account.
Message likes :
1 times
04 July 2014
yes charge it to profit and loss a/c
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