bad debt

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26 Points Posted on 08 June 2010
Is there any condition to write off bad debt under Co's act 1956
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On 08 June 2010 at 14:38 Report
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CA in practice
384 Points Posted on 10 June 2010

as per companies act, debtors are to be classified in two categories:

1. debtors less than six months

2. debtors more than six months

if the company has the full information of debt to be bad, it is recommended by ICAI to write off the amount in P&L a/c....

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On 10 June 2010 at 12:08

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