Set up of creditors & debtors
This query is : Resolved
14 May 2014
HELLO ALL,
I HAVE A QUERY. IN MY COMPANY THERE ARe lots of DEBTORS(DR BALANCES) FOR LAST 4 YEARS AND LOTS OF CREDITORS(CR BALANCES) FOR LAST 4- 5 YEARS.
IN F.Y-13-14 I HAVE TO SET UP BOTH.CAN IT IS POSSIBLE TO WRITE OFF. IF YES HOW IT IS POSSIBLE
PLZ ADVICE WITH ADJUSTMENT ENTRIES AND ALSO EXPLAIN THE HEADS WITH SECTION.
I DARE TO KNOW.....PLZ
I HAVE A QUERY. IN MY COMPANY THERE ARe lots of DEBTORS(DR BALANCES) FOR LAST 4 YEARS AND LOTS OF CREDITORS(CR BALANCES) FOR LAST 4- 5 YEARS.
IN F.Y-13-14 I HAVE TO SET UP BOTH.CAN IT IS POSSIBLE TO WRITE OFF. IF YES HOW IT IS POSSIBLE
PLZ ADVICE WITH ADJUSTMENT ENTRIES AND ALSO EXPLAIN THE HEADS WITH SECTION.
I DARE TO KNOW.....PLZ
14 May 2014
How can u set off the 2.
U can set off the Debtors by posting them to Bad Debts. But u must have to pay the Creditors.
r both Dr. & Cr. same parties?
U can set off the Debtors by posting them to Bad Debts. But u must have to pay the Creditors.
r both Dr. & Cr. same parties?
14 May 2014
NO SIR
THEY ARE DIFFERENT.JUST I WANT TO WRITE OFF.
PLZ TELL ME THE ENTRIES TO BE PASS IN TALLY TO WRITE OFF.
THEY ARE DIFFERENT.JUST I WANT TO WRITE OFF.
PLZ TELL ME THE ENTRIES TO BE PASS IN TALLY TO WRITE OFF.
14 May 2014
Then u can't write off the Creditors. U must have to pay them.
For Debtors write off:-
Bad Debts Dr
To Debtors
For Debtors write off:-
Bad Debts Dr
To Debtors
14 May 2014
THANK YOU SIR FOR THIS HELP
14 May 2014
Ur welcome friend
Convey ur thanks by hitting the thanks button
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