Accounting treatment of unused stamp papers.

1243 views 2 replies
In an organization (NPO) in J&K, there are extra unused Stamp Papers, which were purchased for the purpose of Purchase of Land. The Stamp Papers are shown as Current Assets having value of Rs. 11,000. Now the Stamp Vendor is not ready to take them back. The organization wants to eliminate the Stamp Papers from the books of Accounts. What shall be the accounting procedure for the same?
Replies (2)
Dr Account written off
Cr Current assets
Expense it off to the Income/Expenditure account


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Related Topics
Loading
Company
20 June 2026
Chartered Accountant

ANV & Company

New Delhi

CA

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
Featured 15 June 2026
Senior Auditor

N. Dhawan & Co

New Delhi

CA Inter

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details