Unclaimed credits
This query is : Resolved
26 March 2008
How we treat creditors ''unclaimed credits'' in each fiscal year in P & L.
S.K.
How we treat creditors ''unclaimed credits'' in each fiscal year in P & L.
S.K.
24 April 2008
YES,YOU MAY TREAT THE UNCLAIMED CR. AS INCOME IF YOU ARE REFERING TO CREDITORS OR OUTSTANDING BILLS SHOWN AS LIABILITY BY A FIRM/CO. AND THE SAME ARE NOT CLAIMED FOR A LONG TIME.
BUT THIS DOES NOT APPLY TO UNCLAIMED DEPOSITS,UNPAID DIVIDEND/SHARE APPLICATION MONEY ETC. WHICH YOU NEED TO TRANSFER TO INVESTOR EDUCATION FUND.
R.V.RAO
BUT THIS DOES NOT APPLY TO UNCLAIMED DEPOSITS,UNPAID DIVIDEND/SHARE APPLICATION MONEY ETC. WHICH YOU NEED TO TRANSFER TO INVESTOR EDUCATION FUND.
R.V.RAO
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