dear freinds, I have a question related to branch accounting. our is a H.O. and want to know the treatment of bad debts in case of branch. one of our debtors at branch has become insolvent what accounting treatment had to be made in this case. Also for how much year one can show baddedts in the books or can one show the name of the party as outstanding?. please reply
Menu
Bad debts in branch book
Replies (1)
prepare memorandum branch debtors a/c and balance amount is call ed bad debts. This bad debts amount must appear in credit side of branch account
Recent Threads
- GST REGISTRATION FOR CARPENTER WORK
- Standard deduction for family pensioners
- Concerning tax savings or understanding the long-t
- F&O losses
- Is form 10 IE needed in this case?
- TDS on purchase of property more than 50 lakhs
- Withdrawal from post NSS
- Section 10(11) or 10(12) of exempted income
- New income tax act
- Duplication of Interest on SCSS deposits in postof
Related Threads
CAclubindia
