Menu
Advances written off
I had given some advance to company which is irrecoverable now..so I want to write off..so what explanation is required in audit against it??
Replies (1)
Its really difficult...u have to substantiate with all the evidence that u have tried best of u and filed a case..for compnay the same has to be passed by Board....
but i think its better to creat a 100% provision for the same...the imoact of P/L will be same if u creat a provision ...or write it off fully.
Recent Topics :
- Section 54F Exemption
- Would you use a free, open-source alternative to s
- Business & Finance
- Report in GSTR 1 ( Credit Note ) for Wrong GST Rat
- Reply of summons issued under section 70 of the cg
- How to Bulk GSTIN Number Verify and Validation
- OPC Annual Filing Defaults – Need Guidance t
- OPC Annual Filing Defaults – Need Guidance t
- FCGPR of a past period
- Discuss and Download CA Final Question Paper Nov 2
Related Topics :
CAclubindia
