Sundry creditors write off
This query is : Resolved
28 November 2013
Dear Sir,
The Payment has given to Auditor for audit fees Rs 5000/- bu they have booked exp in P/L A/c as Rs 7500/- in the F.Y-2012-2013.
Now my query is is there any way to adjust the creditors in the same financial year or any other way to adjust
Kindly advise as soon as possible.
The Payment has given to Auditor for audit fees Rs 5000/- bu they have booked exp in P/L A/c as Rs 7500/- in the F.Y-2012-2013.
Now my query is is there any way to adjust the creditors in the same financial year or any other way to adjust
Kindly advise as soon as possible.
28 November 2013
writeoff 2500 and treat it is miscellenous income
28 November 2013
You can write back it as income under the head excess provision written back and book it as income.
29 November 2013
Thanks for your reply but plz explain me when should I pass the entry i.e in which financial year. Explain me Plz
If I pass the entry in F.Y-2012-2013 my Income will increase and exp drop down which will unmatched the Net Profit of Tally with Net Profit of auditors sheet.
Plz explain me in detail
If I pass the entry in F.Y-2012-2013 my Income will increase and exp drop down which will unmatched the Net Profit of Tally with Net Profit of auditors sheet.
Plz explain me in detail
29 November 2013
THIS WRITTEN BACK ENTRY SHOULD BE PASSED IN F.Y.2013-14
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