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Query regarding passing necessary journal entry

This query is : Resolved 
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Guest

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Guest (Querist)
31 May 2011 Dear Friends / Experts,


I have the following query :


In the Balance Sheet of 'A',

Account Head - Advance from Clients having balance of Rs.54000/-. (Say X - 12000,
Y - 12000, Z - 30000)


Actually, there is no Advance from Clients.

Query :

How do I pass necessary Journal Entry to remove the Advance from Clients or give proper effect for the same ?


Ans : ..............

I shall wait for the views.

Thanks.
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Pankaj Gandhi Jaiswal

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Pankaj Gandhi Jaiswal (Expert)
05 June 2011 Simply write it off after getting management approval that it is not recoverable
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