Friends/Seniors
A company wants to write off its debt as bad without making provision for doubtful debt. The debt is continuing in the books for last 4 years.
What could be the statutory auditor's view regardig this. Is making a provision first and then writing off mandatory.
Regards,
Shyam Joshi & Associates
Pune
B.Com
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Sri Aurobindo Gnostic Centre of Education
New Delhi
CA
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O P Bagla & Co LLP
New Delhi
CA Inter
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CAclubindia
