urgent
This query is : Resolved
19 September 2009
supplier balnace is oustanding since long so we written off account now supplier wants money so whats accounting treatment we shoud pas its urgent ( amount in lakhs )
CA. B.SRINIVASULU
(Expert)
19 September 2009
You have to debit to prior period expenses. with detailed narration.
Prior period expenses
To bank.
Prior period expenses
To bank.
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