Write-off

This query is : Resolved

Gurvinder Singh (Querist)
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24 November 2014 Kjnd Attn : Dear Sir/Mam

Pls adv, as to how do we write-off old Sundry Creditors Balances pertaining to previous years.

Thnx and regards
Gurvinder Singh

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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24 November 2014 if its a non corporate entity then can adjust in capital account else profit and loss account to be used

Gurvinder Singh

Gurvinder Singh (Querist)
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24 November 2014 Thnx
Can u pls explain the meaning of non corporate entity.

Pls adv the entries to be passed in both the cases.

Thnx and regards
Gurvinder Singh

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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24 November 2014 those who are not regsitered as a company under companies act 2013 or erstwhile companies act 1956.

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