Pvt ltd co.
This query is : Resolved
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
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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