Reserve for doubtful debt
This query is : Resolved
29 January 2015
Dear sir
I want to Know creating reserve for doubtful debt,its showing in the books from more than one year.
My querry , till what periad reserve for doubtful debt can be recorded ?
Thank in adv
regards
sushil upadhyay
I want to Know creating reserve for doubtful debt,its showing in the books from more than one year.
My querry , till what periad reserve for doubtful debt can be recorded ?
Thank in adv
regards
sushil upadhyay
29 January 2015
Plessss give me Reply Its argenent
03 February 2015
As per law, receivables and payable get time barred in 3 years. BUt there is no time rule for keeping debtors in your books and providing for bad debts as long as you expect recovery from such debtors. Your auditor may give comment in audit report stating that the receivables are time barred.
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
- Showing Gift from relative in ITR for this year
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- Soyabean hsn code and gst rate
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Treatment of Pension ?annuity returns on PMVY
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- Long Term Service award taxability in hands of company
- GSTR-4 Annual Return ! Pending Returns for F.Y. 20-21 to 22-23
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Capital Gain on EUITY Shares
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
